NMS RESIDENTIAL – Micro Apartments, a Solution to Housing Shortage?

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LOS ANGELES, CA / ACCESSWIRE / May 11, 2018 / If you are finding it difficult to find an affordable, small apartment to rent then the micro-unit might be your solution. Your unit can be as small as 140 square feet or as large as 400 square feet. They are also unique because they offer a choice of living arrangements. You can select from a shared-living arrangement or a self-contained unit. You will never need to go out to a laundromat as you can also select a unit with a washer and dryer.

Our country is faced with a shortage of a million housing units. Micro-units are slowly filling the need for housing in Los Angeles, Seattle and other areas needing additional units. Seattle had an increase of 550 micro-units in a span of four years. These houses are much less expensive to rent. For example, the average rent price in Seattle is $2,620. Yet, by renting a micro-unit, in one of the most desirable neighborhoods, can be as little as $800 to $1,300. It is just a matter of time before Los Angeles takes advantage of these units in the urban areas, like in downtown.

Many people in the Los Angeles area would gladly support micro-units. There are few places available, under 400 square feet, in the big city. Many people, as has been witnessed around the world, will gladly exchange a smaller living space for a lower rent, as well as a more central location and the chance to live on their own. These people need to be given the option to do so.

When it comes to small apartment rentals in Los Angeles, NMS Residential offers exceptional design, experienced professional management, and an unparalleled living experience for our residents. Discover our quality multifamily and mixed-use properties in Santa Monica, Brentwood, West Los Angeles, the San Fernando Valley and beyond.

Today, many people living in two and three-bedroom homes are no longer families. Instead, people are joining together becoming roommates, instead of families. They are choosing to live with others to save money and live in a nicer community. A recent Urban Land Institute survey discovered that “ability to live alone” was one of the highest priorities of micro-unit tenants, following price and location. Living in a micro-unit allows for all of these. It is obvious that we need micro-unit housing for singles, young people, as well as for retirees. This also helps to remove some of the pressure off larger units.

In large cities, such as Los Angeles, it is common to find surface parking lots ranging from 8,000 to 15,000 square feet. These lots would be perfect for development of micro-units. As it is now, these lots have been devalued because they are too small to accommodate multiple levels of garage parking. This is a prerequisite for most development in Los Angeles today. These parking lots offer a fantastic opportunity, today, to build affordable micro-units.

One of the most difficult obstacles facing the building of micro-units involves density limits and parking requirements. The density issue results in larger units being built. Parking requires too much area for the space, often 350 square feet for a 300 square feet apartment. These restrictions were eliminated in 2007 while other requirements were revised.

While micro-units are not for everyone they are the perfect solution for demanding jobs where the tenant simply needs a place to sleep, shower and store their belongings. The future is wide-open to new housing typologies, materials to build a home and construction techniques to meet an affordable housing market. There is no doubt that micro-units will play a major role in meeting the future housing demand.

Our portfolio of apartments for rent in Los Angeles, CA features thoughtfully designed luxury apartments in some of LA County’s most desirable locations. From furnished apartments in Santa Monica, to luxury penthouses in Westwood, each NMSResidential property is designed to cater to the sophisticated tastes and flexible lifestyles of LA’s dynamic residents. Browse our portfolio today to discover the pinnacle of contemporary Los Angeles living with NMS Residential.

ABOUT NMS RESIDENTIAL

NMS Residential is a privately owned real estate management firm specialized in the professional management of upscale multifamily and mixed-use properties throughout the Greater Los Angeles area. Led by a seasoned team of executives with multidisciplinary backgrounds, NMS Residential’s ever-expanding portfolio includes over 18 market rate properties located in Santa Monica, Westwood, Brentwood, the San Fernando Valley and beyond. Throughout our portfolio, we are committed to providing an exceptional living experience for our residents. Our communities feature thoughtful floor plans, exceptional amenities and boutique-level services.

OUR COMMUNITIES

At NMS Residential, exceptional design, professional service, and luxury living are our highest priorities. Our commitment to quality is visible in everything that we do. That is because we don’t just manage apartments, we curate vibrant communities in desirable locations throughout Los Angeles.

From contemporary residences in Santa Monica, to furnished apartments in Westwood, NMS Residential apartment buildings add character and prestige to their neighborhoods. Located in some of the most desirable areas in the county, our Los Angeles and Santa Monica, CA apartments feature carefully crafted design, stunning interiors, luxury amenities, and top-quality finishes, to provide residents with an unparalleled lifestyle.

Explore our extensive portfolio to see why NMS Residential represents the new standard of Los Angeles apartment living.

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Contact Information: info@NMSResidential.com

SOURCE: NMS Residential

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