The Math of Divided Apartments: One Becomes Three
Translated & summarized from TheMarker by baba
Divided apartments are becoming a common solution for young people seeking affordable housing in central Tel Aviv, despite compromises on living conditions. Nurit, a resident for six years, highlights the trade-offs of lower rent and flexibility versus reduced space and privacy. Landlords benefit from this trend, which transforms former office buildings into multiple rental units.
The story in 5 lines · by baba
- Divided apartments offer affordable city center living for young people, despite drawbacks.
- Nurit has lived in a divided apartment in Tel Aviv for six years.
- These apartments provide lower rent and flexible leases.
- Residents compromise on space, privacy, and apartment quality.
- Landlords find divided apartments to be a profitable venture.
For many young people, living in a divided apartment is the only affordable way to rent in desirable city centers, despite the inconveniences. These apartments, often created by subdividing larger units, offer lower rent, flexible leases, and central locations, making them a lucrative option for landlords.
Nurit, 34, has been living in a small divided apartment near the Railway Park in Tel Aviv for six years. The building, formerly a bank office, has been converted into a residential building filled with divided apartments. While Nurit benefits from lower rent, a flexible contract, and a prime Tel Aviv location, she compromises on space, privacy, and the overall quality of her living conditions.