TINY APARTMENTS = Next Big Thing in Real Estate

In response to skyrocketing rents in New York City, Mayor Michael Bloomberg proposed a challenge to the city’s best architects: to design a space no bigger than 350 square feet into a comfortable and affordable micro-apartment. NBC’s Stephanie Gosk reports.

New Yorkers are famous for their teeny apartments, but a new trend in
dwelling seeks to transform those tiny spaces into big assets. They’re
called “micro apartments,” and they make a few hundred square feet feel
like over a thousand.

Fold-away beds, moveable walls, and coffee
tables that expand to seat 10 for dinner are just a few of the clever
touches that transform these shoe boxes into veritable mini-mansions.

“The
main idea is to get double, triple, quadruple use from every space,”
Graham Hill, founder of the sustainable living site TreeHugger.com and
the design company Life Edited, told Fair Companies in a video interview.

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