Larger apartment buildings offer the most up-to-date amenities including such components as a fitness center, pet areas and media rooms, to name a few. With that said, larger apartment buildings tend to be the more desirable asset for the potential renter. Meanwhile, smaller apartment buildings face tougher competition in attracting renters. However, this can all change with the right investor.
This article explains that with increasing competition for urban renters, upgrading and reintroducing older, smaller properties represents a new market opportunity for investors.