Learn Why Shared Living Spaces Are Becoming Increasingly Popular
Coliving spaces are defined as sharing a space with a large number of other people in order to encourage tenants to communicate and collaborate. As a result of a lot of the young people relocating to expensive cities to find work, these spaces have sprung up. Co-living places is a new type of modern housing structure in which individuals with similar interests, goals, and beliefs share a living space, almost like a huge family.
Can you imagine? – The five most well-funded coliving places received a total of $3 billion in funding.
Is Coliving Spaces And Coworking Offfices The Same Thing?
More than just their titles, coliving places and coworking have a lot in common. They’re both built on cooperation and community, and they take a fresh perspective to everyday tasks, whether that’s how we live and how we work. Many coworking living space facilities are now offering shared living spaces alternatives, and many coliving spaces throughout the world feature coliving spaces as well.
Key Elements:
1. Flexible lease lengths and a client business strategy are two of the most convenient aspects of shared living spaces.
2. When compared to other living options, coworking living space residents also enjoy a more comfortable environment.
3. Another feature of coworking and living space is the lower cost of rent when opposed to ordinary living situations in the same location.
Coliving Spaces: Pros Vs. Cons
Pros | Cons |
1. Providers of Wi-Fi and utilities have already been set up in coliving space. | Some developments have small room sizes in coworking and living space. |
2. Daily events are held in the same location. | If the premises are run by developers, no social tenancies are available. |
3. Communal areas and well-designed lodging of coworking and living space. | It’s possible that associations with the modern communal notion will be off-putting. |
4. There are a variety of flexible tenancies available, ranging from days to months. | Residents have little control on management issues if the lodging is run by the developer. |
5. In some circumstances, it may be less expensive than traditional renting. | The price of short-term comfort is frequently accompanied by a high leasing fee. |
How Many Businesses Are Focusing On Entrepreneurs Of Coliving?

It’s very exciting to see so many communities, all with their own perspective about what coliving places are all about, and since coliving space is still relatively new, we thought it’d be interesting to see how many of those spaces focus on startups. The results were somewhat unexpected! It’s so impressive to see 11% of the start up company focused on coworking and living space. The experts said that this percentage will increase day by day.
Did you know? According to a recent survey, 60% of respondents said they have coliving spaces, indicating that it isn’t just for international travelers.
The Market Analysis Of Coworking Living Space
Country | Market Size |
China | $6.72B |
India | $273M |
USA | $204M |
Europe | $234M |
SE Asia | $54M |
Others | $30M |
Coliving Spaces: Safe Or Not Safe?
Coliving places are still in their infancy, and many people are unfamiliar with the notion. Concerns about safety, fraud, and practicality are common and entirely justified. Please remember, though, that innovative ideas can become the norm: Airbnb, for example, was deemed unusual until it completely changed the hotel business. While each space is different, you should be ok as much as you do your investigation before settling down.
Check each firm you’re considering to see if they have a functioning website and are a reputable organization. Take your time when touring potential coworking living spaces and envision how you’d feel going home to it again.
What Is The Future Of Shared Living Places?
The old conceptions of buying and renting are evolving as housing costs continue to climb, particularly in urban regions. Furthermore, due to broader consumer trends toward a sharing economy, teenagers are often the most popular group to flock towards co-living locations. Coliving spaces appear to have evolved into more than a housing program in today’s world; it has also evolved into a solution for the burgeoning younger generations.
What Are Your Thoughts?
We’d look forward to hearing about your experiences with shared living places, as well as your ideas as to how it will become the most popular option in the future. Please let us know! If you are looking for shared living places, please contact us.