Covering the real estate market for the valley, news, opinions, open houses, sales, stats, Buying or Selling homes. Realtor blog for Silicon Valley, Santa Clara County, Santa Clara, San Jose, Morgan Hill, Milpitas, Campbell, Sunnyvale, Los Gatos, Palo Alto,
Tuesday, April 7, 2015
Micro Apartment Units Getting Macro Attention From Urban Developers
Uh, No! I wouldn't live in one. But here in the silicon valley, there seems to be more people looking for a place to live and not enough apartments, condos and houses to put them in. Rents are super high here in the valley, due in part because of job growth and lack of housing. But according to a the article, micro apartments might become more and more popular in crowed urban areas such as Los Angels, New York City and maybe here in the San Jose/Santa Clara/Silicon Valley area. These tiny units may not be such a bad idea if you are single with no kids and you just need a place to stay for a year or two until you can purchase or rent a larger apartment, but not everyone will agree.
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