Key Takeaways
- The demand for furnished living spaces is on the rise globally, driven by factors such as remote work and the appeal of minimalism.
- Companies like Landing, CORT, and Hyatus Stays are expanding their services to offer flexible lease options in previously unreachable locations.
- These micro-apartments are designed to provide all the essentials of modern living in compact spaces, offering affordability and flexibility.
- Furnished micro-apartments have environmental benefits, as they are smaller and often use sustainable materials.
Rising Demand for Furnished Micro-Apartments
New York, NY–As more and more people move towards a minimalist lifestyle, furnished living providers are expanding to cater to smaller living spaces. This trend is seen globally, with the United States, Canada, and Europe leading the charge.
According to a recent report by CoStar Group, the demand for furnished living spaces is rising, which is expected to continue. The report suggests that the rise in demand is due to several factors, including an increase in remote work and a growing preference for a minimalist lifestyle.
Expanding Services to Unreachable Locations
Companies like Landing, CORT, and Hyatus Stays are expanding their services to include living spaces in places initially considered unreachable to cater to this growing demand.
As a result, they are partnering with landlords across the US to provide a presence in locations that were once considered unfeasible for building operations. Hence, the companies have developed a complex warehouse network to provide flexible lease options in secluded places.
For instance, if a digital nomad books an apartment via Hyatus, they send a team to set up the furniture a day before the move-in date. Interestingly, the digital nomad wouldn’t have to worry because after he leaves, one or two months later, the team will reclaim the furniture and prepare the apartment for the next occupant.
“What we’ve found is that many of our clients and partners appreciate the ability to lease spaces in their desired building and location, even if Hyatus hadn’t previously set up there,” said Micheal Ort, Hyatus’s Director of Revenue Strategy, in a report.
“We leverage our extensive network of warehouses and furniture setup teams to prepare the apartment for our partner after their travel dates and stay are confirmed,” Ort added.
Efficiency and Sustainability
These micro-apartments are designed to provide all the essentials of modern living in a small space. They come equipped with a bed, a small kitchen, a bathroom, and a living area. The furniture is designed to be space-efficient, and many providers use modular furniture that can be easily rearranged to make the most of the available space.
One of the biggest advantages of furnished micro-apartments is their affordability. These apartments are typically much cheaper than traditional ones, making them an attractive option for young professionals and students on a tight budget.
Another advantage of furnished micro-apartments is their flexibility. Many providers offer short-term leases, which makes them a great option for people who need a temporary place to stay. This could include people in town for a short-term work assignment or students attending a university for a semester.
The rise of furnished micro-apartments is also positively impacting the environment. Since these apartments are smaller than traditional apartments, they require less energy to heat and cool. Additionally, many providers are using sustainable materials to build and furnish these apartments, which helps to reduce their carbon footprint.
Overall, the rise of furnished micro-apartments is a welcome trend for anyone looking to downsize their living space or live a more minimalist lifestyle. These affordable, flexible, and environmentally friendly apartments make them a great option for anyone who wants to live in a smaller space without sacrificing comfort or convenience.
What We Think
The surge in furnished micro-apartments reflects a growing trend toward minimalistic living, responding to the needs of remote workers and those seeking compact, affordable spaces.
This innovative approach to housing is both practical and eco-friendly, with smaller spaces consuming less energy and providers often using sustainable materials. With flexibility in lease terms, these micro-apartments are an excellent option for short-term stays or for individuals looking to downsize without sacrificing comfort and convenience.
As the demand for minimalist living continues to rise, this trend is set to reshape the housing landscape and offer a more sustainable and cost-effective way of life.
