Developers across the U.S. are responding to a growing demand for more spacious apartments as people postpone home purchases and work from home more frequently. According to RentCafe, the average size of new apartments built in 2023 is 916 square feet, up 27 square feet from the previous year.

In Miami, the average apartment size has risen to 929 square feet, a 15% increase over the past decade. This comes after a trend in 2022 where apartment sizes shrank to their smallest since at least 2014 due to high rental demand.

The increase in apartment size is driven by more two- and three-bedroom units entering the market, although one-bedroom apartments still dominate. This shift towards larger living spaces is expected to continue, shaping the future of apartment living.

(source: axios.com, picture: Daniel Lee)