Before bed last night, I was was reading about a Tokyo-based real estate company called Spilytus. They have an apartment brand called Ququri (pronounced ku-ku-ri) that specializes in tiny apartments, which I suppose isn’t all that novel for Japan.
Since the brand was launched in 2014, they have developed over 70 buildings and now manage about 1,200 micro apartments across the central wards of Tokyo (~17 units per project if you do the math). We are talking about apartments in the range of 9 square meters (plus sleeping loft) for somewhere around ¥75,000 per month.
Not surprisingly, their projects seem to lease up right away. And supposedly there’s a long wait list for future projects. People are clearly looking for affordable housing in the neighborhoods in which they want to live. It’s about lifestyle and location, and living a large portion of your life within the public domain.
This housing typology isn’t for everyone. But it’s great for some people. And I have no doubt that demand for it will only continue to grow in big global cities. However, for what we are all going through right now, I can imagine that it would be nice to have a bit more than 9 square meters to roam around in.