3min chapter

Odd Lots cover image

Why We Don't Build More Apartments for Families

Odd Lots

CHAPTER

What's the Primary Driver of Returns for a Ground Up Apartment?

A 599 square foot one bedroom will get basically the same rent as 600 square feet. That's the basic math for why real estate developers are incentivized to try and put as many of those types of units into the building as possible. A lot of data on new housing inventory that gets added individual markets is almost never broken down into type, he says.

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