Is co-living the future of urban living?
At first glance, co-living might merely seem like an easier way for millennials to access lower cost housing, but it’s a lot more than that. In fact, even retirees are taking advantage of co-living spaces across the globe. Co-living is a way to connect with like-minded people in countries throughout Europe, the Americas, Asia, you name it. Co-living spaces not only provide a fabulous place to live, they’re also ideal for professionals who wish to collaborate in a productive, collaborative environment while enjoying new experiences as a community.
Co-living also meets a number of important needs: whether it’s a shortage of rental properties or rising home prices, it can be difficult to find affordable housing in some of the world’s most desirable cities. This problem could even hinder companies from hiring the best talent because workers simply can’t afford to move.
A big reason why co-living has such a promising future is because of changes in the way people live, work, and play. Having the ability to move about and travel freely, to chase exciting career prospects, and to make memories through new experiences are factors that encourage individuals to embrace the co-living lifestyle.
There are a few things intersecting all at once. Technology has made it possible to be location-independent and still make a good living. In addition to that, there has also been a general shift in values, as some of the things we have traditionally built our adult lives around are becoming harder to attain. Do we all want to own homes? Do we all want to own a car or do we want to ride share? And then there's the increasing disparity of people's personal networks. It's the perfect storm of all these shifts coming together.
The future is bright for co-living.
Businesses that provide co-living spaces have their eyes set on global expansion into diverse locations that include everything from big cities to exotic locations. They plan on setting a new norm in the era of the sharing economy. And, with an increasing global mobility and a coinciding desire for community, this trend shows no signs of slowing down.
Conscious Coliving
Belonging. Convenience. Connection. Community. At the present time, these are some of the words most associated with coliving. But what is coliving exactly? And what are its benefits for people, cities and the world? Read more here on Conscious Coliving.