Greystar calls for revision of apartment bed ratios
Renter demand is for studios and one-bed units
US property giant Greystar has criticised rules that restrict the ratio of studios and one-beds in apartment blocks.
Current guidelines state that 50 per cent of units in a block can be one-bedroom or studio apartments. There is no such limit on apartments with two or more bedrooms in a complex.
Speaking at the Property Summit last week, Greystar director of operations Todd Marler said policymakers should amend the rules to allow for a higher proportion...
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