Is an “alcove apartment” easier to rent than a “studio?”
Apparently, at least one Twin Cities developer seems to think so.
So far, the term only seems to be a feature of the rental market: out of almost 1,000 condo’s currently for sale on the local (NorthStar) MLS, only five use the term — and not as a synonym for “studio,” but as a substitute for “nook” (e.g., “gas fireplace, alcoves for cabinet, 10′ ceiling, etc.”).
P.S.: the vast majority of the building cranes evident in the Twin Cities now appear to be for apartment (rental) buildings, not “For Sale” condo’s.
Someone (read, “lenders”) seems to think that’s the better bet right now . . .

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply