Many renters seeking studio setups in NYC

More Americans are looking for studio apartments in New York City.

A report from MNS showed that more American apartment hunters have been seeking out studio apartments, and many property management companies may have noticed rental prices rise more quickly for these than larger offerings.

The firm found that studio apartment prices in Brooklyn were 2.3 percent higher in the past month, while one to two bedroom setups rose by only 1 percent, according to Real Estate Weekly.

"More people in their late 20s and early 30s are still single, as opposed to 5 to 10 years ago, when people in this demographic were married with kids," Andrew Barrocas, founder of MNS, told the news source.

The firm also noted that the area has seen investors buy property in the area at higher levels than before, and this is partially due to small rental units going for much higher rents than before, Barrocas added.

Many of the area's studio units have eclipsed $2,000 a month, the news source added. Much of this may not only be due to demand, but also location, as there are many subway stops throughout most of Brooklyn, especially in areas that attract younger consumers.

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