Micro apartment SF – They are paving the way for affordable housing alternatives in the heavily populated San Francisco. The 400 sq. ft. square foot micro apartment in San Francisco is large enough for one individual who wants to live comfortably. These urban tiny apartments feature a bathroom, a bedroom/living room and a kitchen.
Even though they are very small and compact, they are becoming increasingly popular among millennials. Gone are the days when people dreamt of living in big mansions and penthouse apartments. Millennials are all about minimalistic lifestyle and affordable housing. As long as they have privacy and basic necessities covered, they are happy!
Today, we will tell you everything you need to know about micro apartments in San Francisco.
Who Is Micro Apartments SF For?
Millennials, in comparison to earlier generations, are less likely to commit to a single place or job for the long haul. They are taking longer to settle down, which means they are spending more time alone. They want to be able to live, work, and play in the city’s core. Finding a studio apartment in a central area that is near to work (and also allows them to go to their home as and when they want) is the best-case scenario. Furthermore, many Millennials are drawn to co-living due to the sense of community that many micro-apartments in San Francisco give.
Dimension Of a Micro Apartment SF
Micro apartments in San Francisco are around the size of a single garage and are precisely what their name implies – ‘micro’ homes. They are also being hailed as a possible answer to the affordable housing shortages that plague many big cities. Micro apartments in San Francisco generally range in size from 200 square feet to 400 square feet (37 to 19 meters square). They normally just have one room (that performs both as a sleeping and living area), a kitchenette, a bathroom, and a small cupboard for storage.
Overall Rental Cost in SF
The biggest expense for people of San Francisco is housing cost. The average rent in SF is $3,700 – two and a half times the national average of $1,463. Only Manhattan is more expensive, with average rents of $4,210. The highest rent prices in SF are found in the latest developments and new neighborhoods in the eastern part of the city. These include areas such as South Beach, Mission Bay and SoMa.
The north of SF is also very expensive where the average rent is above $4000. For example, South Bay, Redwood City, Menlo Park, and Mountain View all have typical rents around $4,000. Rents have a wide range in the large East Bay, but good values can be found in Alameda and San Leandro, where rents for one-bedrooms are around $2,000. On the other hand, southern and western edges have more affordable neighborhoods with median rents. For example, a one-bedroom apartment in such areas is under $3,000.
There are many people who opt for co-living with roommates to spend significantly less than the average cost of solo housing. For example, a house’s average price for a private room in a shared home in San Francisco is up to 39% less than the rent of an average studio apartment in the same neighborhood.
Price of Micro Apartment SF
Coliving requires a lot of compromises on things such as privacy. Now, this is where micro apartments SF come in. They allow you to live alone for a much affordable price. Typically, a micro apt sf costs around $1000. The price can go lower or higher, depending upon the location and amenities.
Micro Apartments Occupancy Rate
Micro-apartments in San Francisco now exceed normal units in terms of occupancy and rent per square foot. It is unclear if this points to a large untapped market or a specialized trend. Nearly one-quarter of traditional apartment tenants, on the other hand, are interested in renting a micro-apartment. They would be ready to give up room in exchange for a 20-30% cheaper rent, a very desired location, and the chance to live independently.
Living in Micro Apartment SF
Here are a few main aspects of living in a micro apartment in San Francisco:
- Monthly HOA Cost in a Micro Apartment In San Francisco
Monthly HOA costs typically include building insurance, garbage, water, and common area power. The greater the HOA costs, the more facilities there are – with attended buildings often having the highest fees. There are buildings like the Arterra in South Beach that save a lot of money because of their LEED certification; residents get an attended lobby, gym, common roof deck, elevators, and janitorial services for only around $400/month. Whereas other buildings on the north side of town have monthly rent that are well over $1,000/month with no amenities.
- Common Areas in Micro Apartment
In San Francisco, many micro-apartments provide communal areas where residents may rest and interact. Some are intended for co-living, with your own bedroom but all other facilities are shared with other tenants. Micro-apartments’ modest size is offset by vibrant communities, enticing amenities, and great downtown locations. Residents frequently only return to their apartments when it is time to go to bed, because the building serves as their living room and the city serves as their backyard.
- Amenities Offered in Micro Apartments SF
When looking for a micro-apartment, it is important to look for the proper facilities and characteristics. The building usually has around 20 apartments. The amenities include a private lounge, communal pools, laundry facilities, parking, security, etc.
Features of Micro Apartment SF
Micro-apartments in San Francisco might seem claustrophobic without the appropriate layout and space-saving features. Here are common features of micro apartments in SF.
- Illusion Of Space
Look for elements that provide the impression of spaciousness. High ceilings, balconies, and decks are examples of such features. To make your micro-apartment feel as big as possible, they may include storage options such as vertical cabinets.
- Common Areas
The communal areas of an upmarket micro-apartment in San Francisco include large lobbies and rooftop terraces. Residents can spread and hangout in certain places for an evening of socialization.
- Additional Storage
Some apartment complexes may even provide residents with limited storage space in a communal basement. Some may also feature bike racks, which may help you make the most of your apartment space.
- City Centre
Micro apartments are developed downtown or close to the city centre where the cost of living is high. The low rent micro apartments allow people to enjoy the city life and keep up with the expenses of urban lifestyle.
Since micro apartments are close to the hustle and bustle of the city, people can easily access public transport and have a shorter commute to work.
If you are looking for micro apartments in San Francisco or the surrounding areas, this is the place to go. Micro apartments and complexes are growing in trendy locations as they offer many benefits. Although not impossible, micro rentals are more difficult to come by in the suburbs or in areas known for low rent and large homes. So, you will find micro apartments SF in the city’s more popular and prime locations.