St. Petersburg apartments have shrunk by almost 10 square meters over the past decade as developers pack more units into limited space. Three- and four-room properties now account for just 7.5 percent of construction projects in the region, with four-room apartments comprising less than 1 percent of available lots.
The average apartment sold between 2022 and 2024 measured 40 to 41 square meters, down from 49 square meters in 2014. Studios experienced the steepest decline, dropping from 30 square meters to 24 or 25 square meters. Olga Trosheva from the Petersburg Real Estate consulting center says smaller apartments have gained popularity while their function has shifted. The Unified Resource of Developers data shows approximately 2,000 four-room units exist across the St. Petersburg region.
The average apartment sold between 2022 and 2024 measured 40 to 41 square meters, down from 49 square meters in 2014. Studios experienced the steepest decline, dropping from 30 square meters to 24 or 25 square meters. Olga Trosheva from the Petersburg Real Estate consulting center says smaller apartments have gained popularity while their function has shifted. The Unified Resource of Developers data shows approximately 2,000 four-room units exist across the St. Petersburg region.
