The Urban Land Institute recently published it’s research on the performance and market acceptance of Micro-Apartments. As usual, ULI and it’s partners did a thorough job digging into the subject matter, and provided an extensive look into it’s data. I recommend anyone interested in the Micro-Apartment trend to give it a thorough read. For your convenience, I compiled the key takeaways as I see it.
Give the article in Next City a read. I was shocked to learn how little growth occurred outside of the core of Downtown Chicago during the few years.
Those who do the actual building also share this impression. Adam Hengels, who works in real estate development in New York but has Chicago roots, told Next City that when he strikes out on his own, he intends to do it in Chicago. “I don’t want to spend my career entangled in the entitlement process of the coastal cities,” Hengels said.
Adam Hengels was a guest on the Exceptional Conservative radio show last week to discuss Market Urbanism. Ken McClenton and I discussed several ways in which government intervention makes lives difficult for urban-dwellers, especially ethnic minorities and those who aren’t wealthy.
Give it a listen: