Some Competition For Lofstel

Remember the Lofstel? A reader has tipped me to some competition: DC Lofty has opened up near H Street, NE.

The Web site says:

“DC Lofty offers an affordable luxury housing option for interns, international and local students in a dorm-style bedroom setting. We strive to be your number one destination for DC, located just a few blocks from the central Union Station metro stop, and shops just within a block!”

Prices are $850 for one month or $700 if you book three months. You can also get a bed for $34.95 a night.

So given the price of rents do you think Lofstel, DC Lofty and other places like this are going to be on the rise?