RentCafe report Archives - Rava Realty

Bigger Apartments Are Making a Comeback

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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 ...

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Newer apartments in Miami are bigger than national average

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Newer apartment units in the Miami metro area are averaging larger in size than those in many cities across the country, according to a new report from listing service RentCafe. The average size of newer Miami apartments is 912 square feet, nearly 3% bigger than the 2022 national average of 887 square feet. This is in contrast to the nationwide trend of shrinking apartment sizes, with newly built apartments shedding 30 square feet on average compared with 2021. ...

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