With Millennials delaying home ownership, city apartments are in demand, and new economical and flexible home options are being created. The first micro-apartment complex has just opened in New York City with units are no bigger than 300 square-feet, and multi-purpose furniture like a desk that transforms into a dining table. Residents are catered to by concierge app Alfred. Not only do the tiny apartments encourage a minimalistic way of living, and produce less waste, they are also a popular concept: 60,000 applications were submitted for just 14 micro-units in the building. (Tech.Mic)
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