“The average price per square foot is getting high, so in order to assuage that, given the fact that land is so expensive and the cost of construction is expensive, we’re advising our clients to make more efficient apartments,” said Stephen Kliegerman, president of Halstead Property Development Marketing. – See more at: http://therealdeal.com/blog/2014/11/14/developers-packing-more-space-into-smaller-luxury-homes/#sthash.7y93xSKF.dpuf