This statistic shows the average size of newly built two-bedroom apartments in the United States from 2008 to 2018. Two-bedroom apartments built in 2018 were, on average, ***** square feet, slightly up from ***** square feet in 2008.
In 2022, San Mateo, San Francisco, and Santa Clara were the most expensive districts for housing in the San Francisco Bay Area. In San Francisco, the average square footage price of single-family homes exceeded 1,000 U.S. dollars per square foot. Housing in Solano, on the other hand, was most affordable, with the average square footage price for single family homes at 370 U.S. dollars.
How expensive is buying a home in San Francisco? Few metros in the U.S. are more expensive than San Francisco, CA. In 2022, the median sales price of existing single-family homes in San Francisco was about 1.4 million U.S. dollars, making it the second priciest market in the U.S. House prices in the Golden City, were not always so high: in 2014, a two-bedroom house in the Bay Area would sell for less than 500,000 U.S. dollars but since then, the median price has more than doubled.
How much does renting an apartment cost? Despite rents falling in 2020, renting in San Francisco is still far from cheap. Renting a two-bedroom apartment cost close to 4,000 U.S. dollars in 2021. California is one of the least affordable states for renters. In fact, to afford to rent such an apartment, a household needs approximately three full time jobs at minimum wage or two full time jobs at mean wage.
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Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a dip in revenue until 2021. Revenue has climbed since 2022 as higher prices and strong demand have fuelled a robust rental market. Revenue has climbed at a CAGR of 1.7% over the past five years and will reach $67.6 billion through the end of 2025. This includes a 1.6% swell in 2025 alone. Climbing vacancies fueled by a historic increase in rental supply will limit rent growth in 2025. The urban population in Canada has continued to expand, fuelling demand for housing in recent years. The supply of apartment rental units has lagged behind demand growth, reflected in low vacancy rates across Canada. Major urban centres have had especially low vacancy rates in recent years. Disposable income has also grown despite significant economic volatility. This has given individuals more funds to cover living expenses, which has enabled lessors to raise rental rates. Despite skyrocketing rental prices, profit has declined because of rising operating costs and property taxes. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals moving forward. Per capita disposable income will climb while vacancy rates remain low. Furthermore, immigration and urbanization growth will fuel rent growth in major cities, benefiting apartment rental providers. Demand will continue to outpace supply growth, prompting a revenue gain. Revenue will expand at a CAGR of 1.3% through the end of 2030, reaching $71.9 billion in 2030.
Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed ******* U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly ******* U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over ******* U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging ******* U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.
The average monthly rent for all apartment types in the U.S. soared in 2021 and 2022, followed by a slight decline in the next two years. In April 2025, the monthly rent for a two-bedroom apartment amounting to ***** U.S. dollars. That was an increase from ***** U.S. dollars in January 2021, but a decline from the peak value of ***** U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly ** U.S. dollars, which was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2024, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of April 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.
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The Japanese luxury residential real estate market is expected to maintain a steady growth rate, with a CAGR of 3.00% during the forecast period of 2025-2033. This growth can be attributed to the nation's affluent population and the presence of major corporations, creating a demand for high-end housing. Tokyo, Kyoto, and Osaka are the primary metropolitan areas driving the market. Foreign investors are also contributing to the demand for luxury properties, particularly in the form of apartments and condominiums. Key trends in the market include the increasing popularity of smart homes and the growing demand for eco-friendly luxury properties. The market is segmented into apartments and condominiums, villas and landed houses, with apartments and condominiums dominating the market. Major companies in the market include Daiwa House Group, Mitsui Fudosan, Tokyo Tatemono, Sumitomo Realty & Development, and Daikyo Incorporated. Despite the projected growth, there are some restraints such as the high cost of land and the strict regulations governing the construction of new developments. Recent developments include: On January 13th, 2022, Mitsubishi Estate announced rental residences would be included on the upper floors of Torch Tower, a mixed-use building to be developed in the Tokyo Torch complex, officially named the Tokyo Station Tokiwabashi Project. These will be the first residential units for rent in the Otemachi, Marunouchi, and Yurakucho areas, according to Mitsubishi Estate. There will be approximately 50 luxury rental apartments planned, between roughly 70 to 400 square meters in exclusive use spaces. Torch Tower will be a 63-story, 4-level basement complex consisting of a hotel, offices, event spaces, and retail stores in addition to the luxury rental units. Construction is scheduled to begin in the fiscal year 2023 and be completed in the fiscal year 2027., On April 25th, 2022, Mitsui Fudosan Residential and Mitsubishi Estate Residence announced the permanent name of "Mita Garden Hills" for the, until now, tentatively named "Mita 1-Chome, Minato-ku, Tokyo Project". It is a large-scale luxury condominium project that will include 1,002 units ranging from studio to 4-bedroom condos. The site spans 2.5 hectares and will have 1,002 apartments across several 1 - 14-story buildings, with apartment sizes ranging from 29 - 370 sqm (312 - 3,891 sq. ft). Only the units over 200 sqm in size appear to have two bathrooms (or a shower in the main bedroom). A resident-only central garden of around 7,700 sqm will be landscaped with 130 varieties of new and existing plants. Approximately 500 tonnes of rainfall will be collected each year to help with the watering of the plants to conserve water usage.. Key drivers for this market are: 4., Rapid Urbanization is driving the market4.; Government Initiatives Actively promoting the Construction Activities. Potential restraints include: 4., Limited Infrastructure4.; Shortage of Skilled Labours. Notable trends are: High Concentration of UHNWI in Tokyo Driving the Sales of Luxury Homes.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 15.26(USD Billion) |
MARKET SIZE 2024 | 17.66(USD Billion) |
MARKET SIZE 2032 | 56.94(USD Billion) |
SEGMENTS COVERED | Apartment Type ,Technology Features ,Service Offerings ,Target Audience ,Sustainability Features ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing demand for convenience and automation Rising adoption of Internet of Things IoT devices Government initiatives promoting smart city development Growing awareness of energy efficiency and sustainability Increasing disposable income in emerging economies |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | GE Lighting ,Schneider Electric ,Amazon ,Johnson Controls ,Automated Logic ,Cisco Systems ,Legrand ,Honeywell ,Lutron Electronics ,Google Nest ,Osram ,ABB ,Siemens ,Philips Lighting ,Cree Lighting |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Rising urbanization and increasing disposable income 2 Growing demand for convenience and energy efficiency 3 Technological advancements and IoT integration 4 Government incentives and smart city initiatives 5 Growing population of millennials and techsavvy consumers |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 15.75% (2025 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 57.65(USD Billion) |
MARKET SIZE 2024 | 64.28(USD Billion) |
MARKET SIZE 2032 | 153.6(USD Billion) |
SEGMENTS COVERED | Type ,Construction Material ,Size ,Usage ,End User ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Rising home prices driving demand 2 Growing aging population needing affordable housing 3 Increasing urbanization creating space constraints 4 Government incentives promoting ADU development 5 Technological advancements enhancing ADU designs |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Four Seasons Sunrooms ,Sheds Unlimited ,Pacific West Containers ,Garage Conversion Specialists ,Studio Shed ,SiteBox ,Knotwood ,Tuff Shed ,Pragmatic Modular ,Centurion Self Storage ,Custom Container Living ,RentACenter ,The Bunkie Co. ,Suncoast Structures |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Aging population Rise in urbanization Growing number of millennials Increasing demand for affordable housing Government incentives |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.5% (2024 - 2032) |
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The Latin America Condominiums And Apartments Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period.
Latin America Condominiums And Apartments Market: Definition/ Overview
Condominiums and apartments are multi-unit residential buildings where individual units are owned or rented by occupants. These properties are utilized for residential living, rental income, and real estate investment, with ownership structures and management responsibilities being regulated by legal frameworks and homeowners' associations. Amenities such as security, maintenance, and shared facilities are provided to enhance convenience and attract buyers and tenants.
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Rapid urbanization, a growing expatriate population, and government initiatives promoting foreign investment in real estate are driving the UAE condominiums & apartments market, particularly in key cities such as Dubai and Abu Dhabi. According to the analyst from Verified Market Research, the UAE condominiums & apartments market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow at a CAGR of 5.65% from 2026 to 2032.The UAE's growing population, economic diversification, and supportive policies like freehold ownership and long-term visas for foreigners have made the country an attractive destination for both end users and foreign investors, which in turn has fueled the condominiums and apartments market.
The average monthly rent of apartments in California increased substantially 2021, followed by a period of stabilization. In May 2024, the average rent of a two-bedroom apartment cost over ***** U.S. dollars, up from ***** U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 8.72(USD Billion) |
MARKET SIZE 2024 | 9.14(USD Billion) |
MARKET SIZE 2032 | 13.4(USD Billion) |
SEGMENTS COVERED | Property Type ,Size Range ,Location ,Amenities ,Target Audience ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising income levels Changing lifestyles Increasing urbanization Growing demand for luxury real estate Limited supply of luxury homes |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | D.R. Horton ,Lennar ,PulteGroup ,KBHome ,TollBrothers ,MeritageHomes ,M/I Homes ,CenturyCommunities ,MDC Holdings ,Taylor Morrison ,Tri Pointe Homes ,Richmond American Homes ,William Lyon Homes ,AV Homes |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Growing urbanization 2 High disposable income 3 Increasing demand for convenience 4 Changing demographics 5 Technological advancements |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.89% (2024 - 2032) |
The average price of a new three-bedroom apartment in Buenos Aires, Argentina, was 2957.37 U.S. dollars per square meter in the third quarter of 2024. The price for large new apartments peaked in 2017, when it reached almost 3,400 U.S. dollars per square meter. According to the source, the two- and three-bedroom apartments cover almost two-thirds of the market.
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This dataset includes two tables which were custom ordered from Statistics Canada. One table includes information on shelter cost to income ratio and total shelter cost by tenure, household type, and household income. The other table includes variables on housing characteristics (total number of bedrooms, structural type, and tenure), and households (household size, household type, and age of primary household maintainer). The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom Order from Statistics Canada TABLE 1 includes the following dimensions and variables: Geography: Toronto CMA & Vancouver CMA to the census tract level Tenure: Owner (with and without mortgage), renter, subsidized, not subsidized Shelter Cost to Income Ratio: less than 15%, 15-30%, 30-50%, 50% or more, not applicable Household Type: -Census-family households -One-census family households without additional persons -One couple census family without other persons in the household -With children -Without children -One lone-parent census family without other persons in the household -One-census-family households with additional persons -One couple census family household with additional persons -One lone-parent census family with additional persons in the household -With children -Without children -One lone-parent census family with other persons in the household -Multiple census-family households -Non-census family household -One person households -Two or more person non-census households Total Shelter Cost: under $500 to over $3000 in intervals of $250 and $500 Household Income: in intervals of $10,000 up to $100,000 or more TABLE 2 includes the following dimensions and variables: Geography: Toronto CMA & Vancouver CMA to the census tract level Total number of bedrooms: No bedrooms to 4 or more bedrooms Tenure: Owner, renter Structural type: -Single detached house -Apartment with 5 or more stories -Other attached dwelling -Semi-detached house -Row house -Apartment or flat in a duplex -Apartment, building with fewer than 5 stories -Other single attached house -Movable dwelling Age of Household Maintainer: Begins at 15 and continues in 9 year intervals until 75 and over. Condominium Status: Condominium, not a condominium Household Type: -Census-family households -With children -Without children -Multiple census-family households -Non-census family household Household Size: One person up to 5 or more persons Original file names: EO2969 - Table 1 (Part 1) Cost income household _Toronto and Vancouver 2016.ivt EO2969 - Table 2 Tenure and dwelling_Toronto and Vancouver 2016.ivt
This statistic shows the median size of new residential units in Manhattan and Brooklyn, New York in the first quarter 2018. In that quarter, the median size of newly developed two-bed units sold in Manhattan amounted to ***** square feet, whereas the median size of those sold in Brooklyn was ***** square feet.
The average monthly rent of apartments in Florida increased substantially in 2021, followed by two years of slight decrease. As of May 2024, the average rent of a two-bedroom apartment in Florida cost 1,557 U.S. dollars, which was an increase of 400 U.S. dollars from May 2020 when prices started to rise.
Depending on the apartment size and area, the gross rental yield of apartments in Mexico City started from 3.41 percent and exceeded eight percent in 2024. A two-bedroom apartment in Tlalpan had the lowest yield at 3.41 percent. In Miguel Hidalgo, yields were for an apartment with two bedrooms were 8.16 percent. Overall, rental yields in Mexico were the lowest in Acapulco.
The average size of newly built houses in Ireland shrunk by about ** square meters between 2011 and 2024. Conversely, scheme dwellings decreased in size slightly, while apartments remained stable. In 2024, the average size of newly completed single-family houses was *** square meters. Scheme dwellings had *** square meters, and apartments ** square meters.
Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.
In December 2019, two-bedroom apartments were the most popular among renters in the United States and accounted for ***** percent of searches. Studios and three-bedroom apartments both only made up ** and ** percent of the searches, respectively.
This statistic shows the average size of newly built two-bedroom apartments in the United States from 2008 to 2018. Two-bedroom apartments built in 2018 were, on average, ***** square feet, slightly up from ***** square feet in 2008.