Sunday August 9, 2020

Greystar calls for revision of apartment bed ratios

Renter demand is for studios and one-bed units

Killian Woods

Business reporter

8th December, 2019

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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