The first units are scheduled to become available in 2019, with others likely to open over the following five years in neighborhoods where people work and want to live.

Residential properties in the area had an average value of $579,000 in 2014. That number went up $66,200 this year to $645,200.

The high-definition video reminds viewers of a trailer for a period Gwyneth Paltrow film.

Looking at micro-unit policies and developments in seven US cities, from an experimental program in New York to Seattle's 90-square-foot shoeboxes.

Sales prices in February were the highest level for that month since 2007, with townhome prices jumping the fastest.

A look at how the 10 biggest US cities are handling the new sharing economy.