How Much Living Space Does $1,500/Month Get You in the U.S?
A RentCafe analysis of Yardi Matrix data has revealed the U.S. city where renters get the most space on average for a monthly outlay of $1,500. Wichita, Kansas offers the most square feet of real estate, at 1,597. The city, with a population around the 400,000 mark, is accompanied in this part of the ranking by places like Oklahoma City (1,431) and El Paso, Texas (1,305).
On the other end of the scale, the New York borough of Manhattan would yield the least space for renters in 2022 – a small but still very livable 262 square feet. If it has to be NYC, Brooklyn may be a slightly better option with 357. The west coast is also in a similar league – San Francisco would offer an average of 345 and Los Angeles 454.
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ABOUT MIKE MERCURIO
Mike Mercurio | mmercurio@offitkurman.com | 301-575-0332
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
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Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 17 offices and nearly 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
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Author: Michael Mercurio, Esq.
Articles have been Reprinted with permission from the charlotte observer and Mike Hunter.
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