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But even in New York, real-estate agents say sales of small studio and one-bedroom apartments are brisk because renters don't want to pay such high amounts to rent.
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He said that during the fourth quarter of 2011 there were signs of the same pattern in Manhattan, with a rise in market share of less-expensive studio and one-bedroom apartments to the highest level in two years.
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His studio is a converted bedroom closet.
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The hotel's round-trip shuttle transports you and your creative-director-in-crime from Miami International Airport to the luxurious hotel, where you receive a bottle of sparkling wine at check-in and an upgrade from a studio to a stylish one-bedroom suite.
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In addition to his New Jersey home, Petitioner is considering purchasing an ownership interest in The Club, which offers studio, one- and two-bedroom luxury apartments.
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Mojigangas (giant papier mache puppets), paints and Rivera's easel fill the studio, and his pyjamas are laid out in a tiny adjoining bedroom.
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He produced an album in his bedroom that landed him a job at a post production studio after high school.
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On the top floor, Emin has her own private studio, with a kitchen, a well-stocked wine rack, a bedroom and bathroom.
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There's also a three-bedroom, two-bath stone cottage, a 5, 000-square-foot estate office and studio, and another studio that could be converted into a garage or stable.
WSJ: Private Properties - WSJ Mansion