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Knight Frank's recent exploration into the rise in Co-living provides a great insight into why and how this sector could create the next boom in property. Co-living accommodation most often refers to a large development of self-contained studio units, which differ from other forms of living space through their focus on shared amenities. These range from dining or kitchen spaces, to work or recreational areas, with the design focused on encouraging communal living. Propelled by factors including increased urbanisation, rising housing costs and a desire for community in an age of digital isolation, it's understandable why Co-living opportunities are appealing for both the developer and the consumer. According to the recent report by Knight Frank, last year saw the completion of 2,500 Co-living units, which was a 65% increase on previous year's delivery, and found it has a diverse age range for occupants that differs from the idea that it appeals to only the younger demographics. In case you missed it last time, our blog 'Co-living Spaces: Revolutionising Urban Living for Young Professionals or Fleeting Fix to the Housing Crisis?' provides an insight into the sector's pros and cons. You can read the blog in full at: https://lnkd.in/edyQAsjz #coliving #urbanhousing #propertydevelopment

Co-Living Paradigm: A Solution to Loneliness or a Distraction for Gen Z? — Spaciable

Co-Living Paradigm: A Solution to Loneliness or a Distraction for Gen Z? — Spaciable

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