Posted by Leonard Steinberg on May 26th, 2011

I just went over the stats analysis and noticed an interesting factoid: The vast majority of studios that have traded  in Manhattan in the past months are co-ops not condos, which leads me to believe developers are avoiding building them.

I don’t think the day of the studio has ended, and I believe there is a potent market for the LUXE STUDIO, that exquisitely engineered space that caters to all the needs a larger apartment delivers, often rather inefficiently. We have not seen well designed studios, and I firmly believe this is unwise. With many homeowners becoming increasingly nomadic, and even the less wealthy desiring a weekend house (now with many more affordable options) I think the need for small, super-efficient apartments with uncompromised esthetics and quality is alive and well and largely ignored… and I have a very clear vision of an innovative, magnificent version that I truly believe the market would LOVE.

Hello there developers and bankers, not everyone is looking for those 3-4 bedroom apartments everyone seems so focused on right now….we need both!