aknowledgeableperson wrote:
Your argument doesn't fly that easily. If designed from the beginning you won't necessarily need more hallways. And rent charged and sq ft do not go hand-in-hand (reducing space by 25% won't reduce rent by 25%).
As I said high rise senior housing does it so it can be done. And done to make financial sense.
that you're ignoring that I didn't say rental rates would go down shows you don't understand what I wrote
I'm not saying it's not physically doable, I'm saying developers won't make smaller units where they could if the finances don't make sense for them. if they can't afford to build dense they won't.
with equal space and a larger vs smaller unit project
the first project will get built because there's less cost to do so which means more profit. they all have kitchen, entrance area, laundry hookup, water heater, air conditioner/heater, etc, doubling the number of units means spending more to put them in.
and the larger the building the quicker things scale up. look at One Light and the size of the central shaft, it's roughly 15-20% the floor space. if the built half as many larger units they could have cut that down in size. if they built smaller they might have needed another fire stair and elevator. so they have a realistic floor on average unit size.
you can not simply scale the units with a size drop. it's not logical.