I'm currently looking at apartments in Manhattan, aiming for around $2k or less in rent. I'm seeing a decent number of walkup 1 bedrooms around that pricepoint and many more if I increase my spending limit. However, there are a number of highrises with small studios that are going for ~3.5k. (e.g. here)
What's the incentive for someone to pay significantly more for a studio than a one-bedroom? I'm just confused as to who the market is that would pay $1k more for a studio in a nice building instead of a decent one-bedroom, especially as I've always considered studios to be cost-saving options. Thoughts?