The Changing Shapeof American CitiesFebruary 2015Luk.docx
Large New York City Apartments Rise in Popularity
1. Large New York City
Apartments Rise in Popularity
By George Subraj
2. Introduction
As president of Zara Realty, George
Subraj strives to help each client find
his or her ideal apartment. George
Subraj has collaborated with
individuals as well as families in the
search for a New York City residence.
3. Trends in NYC Living
According to a 2010 article in the New York
Times, the return of families to city living
means a new trend toward the purchase of
larger apartments. More and more families
are beginning to re-discover the affordability
of city living as compared to life in the
suburbs, which carries a myriad of extra
costs such as home maintenance, higher
utility bills, and a more expensive commute.
This makes the city more appealing for
families with young children, while adults
whose children have grown find themselves
returning to the city for convenience.
4. Conclusion
As more people return to the city or
remain there once their children are born
and growing, the real estate industry
responds with more options. In recent
years, developers have seen the trend
toward family-sized apartments and
responded by working these designs into
their plans. Furthermore, existing large
apartments have experienced price
decreases that outpace any decrease in
small apartment costs, which increases
the perception of value among family
city-dwellers.