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
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One of the most promising trends in the UK residential property market is the increasing popularity of co-living spaces. This innovative housing model is gaining traction, particularly in urban areas, as a response to both rising property costs and changing lifestyles. Co-living offers a more affordable alternative to traditional renting by providing residents with private bedrooms but shared communal spaces like kitchens, lounges, and work areas. Many are now designed with flexibility and community in mind, meaning these spaces appeal especially to young professionals and remote workers looking for both affordability and a sense of connection. The co-living model fosters a strong sense of community in cities where isolation can often be an issue. Many developments come equipped with modern amenities, from gyms to co-working areas, providing a lifestyle that combines convenience and social engagement. A few stand out ones in Manchester include: Oppidan Life's Swan Street, Downing Living's Square Gardens, Vita Group's Union. What are your thoughts?
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Co-living spaces are reshaping the real estate landscape, blending affordability, flexibility, and a sense of community. But why is this trend gaining momentum? Consider shared living arrangements. Residents enjoy private bedrooms but share spaces like kitchens and living rooms, fostering connections while maintaining privacy. Amenities are a major draw. Think fully furnished spaces with gyms, work areas, and lounges. It's not just a home—it's a lifestyle. Affordability is a key factor. In expensive urban areas, co-living offers an attractive alternative, addressing housing shortages without breaking the bank. The community aspect can't be overlooked. Regular social events create a vibrant living environment, making co-living appealing for social butterflies and networkers. Co-living also excites investors. Higher revenue per square foot, diversified portfolios, and scalable models make it a lucrative venture. How about you? Could co-living be your next living choice or investment opportunity? Let's discuss #CoLiving #RealEstate #Affordability #Flexibility #Community #SharedLiving #Amenities #UrbanLiving #InvestmentOpportunity #SocialEvents #Networking #Affordable #JamthaniBizcore
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OBSERVATION // A New Way to Design Holistic Communities? Build-to-Rent (BTR) model has slowly started gaining visibility in Australia. While established in the UK and the USA, it’s only now that we’re seeing more local projects take shape, like Salta’s Fitzroy & Co development in Melbourne (thanks, Sam Tarascio). This sparked my curiosity – how does this model relate to the concept of Third Place Thinking™, and how can it influence the way we design for community well-being? According to Australian Housing and Urban Research Institute (AHURI), BTR shifts developers and financiers from a sell-and-exit strategy to long-term retention and rental of residential units. But this model is doing more than just solving affordability – it’s creating spaces where health, well-being, and active participation are integrated into daily living. Gone are the days when “community spaces” are a shared laundry on a single floor. Today, developers are focusing on social outcomes beyond the immediate project boundary. This aligns with what I’ve seen evolve in our sports and recreation, over the past decade. I’m seeing residential development move in a similar direction to that of sports and recreation facilities and community infrastructure - moving beyond just single sports code offerings into multi-generational, multi-sport facilities that have a much greater social impact across a broader range of users. I’m seeing non-traditional and highly-traditional sports actively change their ways. The leaders amongst these groups positively recognise the need to alter their delivery and partnership models for a sustainable future. The same approach is happening in residential, including aged-care, and broader lifestyle developments. I can see an even wider range of sports and recreation opportunities connecting with community infrastructure and residential development in the future. We’re on the cusp of exploding into a more genuine holistic development model. Because people (not just purchasers of residential property) and those funding our projects now see opportunity as ‘mainstream’. We’re past the early adopter phase. Community and well-being mixed with sport and recreation, are key social and financial ROI metrics. #BuildToRent #CommunityDesign #ThirdPlaceThinking #SocialInfrastructure #SportsAndRecreation #HolisticDevelopment #UrbanDesign #SustainableCommunities #SocialImpact #ActiveLiving #WellbeingByDesign #FutureOfLiving #PlaceMaking #MultiGenerationalDesign #CommunityInfrastructure #IntegratedDevelopment #SocialROI #AffordableLiving #UrbanInnovation #BTRAustralia #SportsFacilities
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🚀 Revolutionizing Urban Living: Co-Living Spaces 🌆 Are you tired of high costs and isolation in city living? 🏙️ Discover Co-Living Spaces – the future of urban living! What are Co-Living Spaces? Modern residential setups where you share common areas but have private bedrooms. This setup fosters community and affordability. 🏠✨ Why Co-Living? 🔹 Affordability: Share rent and utility costs, making city life more accessible. 🔹 Community: Shared spaces and events build connections and combat loneliness. 🔹 Flexibility: Shorter leases and easy move-ins for dynamic lifestyles. Who Benefits? 🔸 Young Professionals & Digital Nomads: Affordable, flexible, and community-oriented. 🔸 Students & Interns: Cost-effective with built-in social networks. 🔸 Retirees & Empty Nesters: Social interactions and low maintenance. Key Benefits: 💡 Cost-Effective: Share expenses, live affordably. 💡 Social Connections: Build relationships through communal living. 💡 Premium Amenities: Access gyms, coworking areas, and more at lower costs. Challenges: 🔍 Privacy Concerns: Shared spaces need clear boundaries. 🔍 Conflict Resolution: Close living requires effective management. Why It’s Better: 🏡 Cost-Effective: More affordable than traditional housing. 🏡 Community: Stronger social interactions and support networks. The Future: 📊 Growth: Co-living is expanding as urbanization rises. 🌿 Sustainable: Eco-friendly practices and smart home tech enhance living. Final Thoughts: Co-living is more than a trend; it’s a solution for modern urban challenges. Combining affordability, community, and sustainability, it’s shaping the future of urban housing. 🌟🏘️ Is Co-Living the future of urban living? Share your thoughts! 👇 #CoLiving #UrbanLiving #Community #AffordableHousing #Sustainability #FutureOfHousing #Innovation #UrbanDevelopment https://lnkd.in/g_D2FFDn
Co-Living Spaces: Are They the Future of Urban Living?
poolrealtygroup.com
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The Rise of Co-Living Spaces in Major Cities in Arizona: A New Approach to Urban Living In recent years, co-living spaces have gained popularity as a modern solution to the growing demand for affordable, flexible housing in major cities. This trend has taken hold in Arizona, particularly in urban centers like Chandler, Gilbert, and Phoenix. Co-living, which offers shared living spaces with private bedrooms and common areas, is becoming an attractive option for young professionals, students, and even retirees looking for a more community-focused lifestyle. As housing prices continue to rise, Erin Ethridge, a 2018 Top 40 Under 40 Realtor and leader of The Ethridge Team at Realty One Group, is seeing a growing interest in co-living spaces within the #arizonarealestate market. One of the main reasons for the rise of co-living spaces in Arizona is affordability. With housing prices soaring in cities like Gilbert and Chandler, co-living offers a more cost-effective option for individuals who may not be able to afford a traditional apartment or home on their own. By sharing rent and utilities with other residents, people can enjoy high-quality amenities and prime locations at a fraction of the cost. For those seeking #eastvalleyhomesforsale, co-living spaces provide a viable alternative that meets both financial and social needs. In today’s fast-paced world, people are often looking for more meaningful connections, and co-living offers a built-in network of like-minded individuals. Whether it's shared kitchens, lounges, or coworking spaces, these communal areas encourage social interaction, collaboration, and a sense of belonging. For those new to Arizona or relocating to cities like Chandler or Gilbert, co-living can make the transition smoother by offering an immediate community and a social safety net. Co-living spaces in Arizona are also known for their flexibility, which is a major draw for many residents. Unlike traditional leases that may require long-term commitments, co-living arrangements often offer more flexible rental terms, including short-term leases and month-to-month options. This flexibility is ideal for individuals who are testing out a new city, traveling for work, or simply not ready to commit to long-term housing. As #toprealtoraz, Erin Ethridge and The Ethridge Team are increasingly working with clients who are interested in exploring these more fluid housing solutions in #gilbertrealestate and beyond. The rise of co-living spaces in Arizona’s major cities reflects a broader shift in how people approach housing and community. As the real estate market continues to evolve, these shared living environments offer a fresh take on urban living, combining affordability, flexibility, and social connection. Whether you're a homebuyer looking for an investment opportunity or a renter seeking a new way of living, co-living is an exciting option to consider in the growing Arizona real estate landscape.
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Is Co-Living the future of Urban Housing? 🏢 🛏 Co-Living in Australia is a modern type of shared housing arrangement that offers private living areas with communal spaces and amenities. It's the evolution of Rooming Houses & Shared Houses managed professionally by operators focused on hospitality and service to their residents. Investors are using the Purpose-Built Student Accommodation (PBSA) model as a reference to propose Co-Living spaces for essential workers, young professionals, digital nomads, and senior university students, addressing housing shortages and changing lifestyle needs. 🗝 Characteristics of Co-Living are: • Aims to address housing affordability, foster community in the age of remote work, and combat urban loneliness • Maximizes limited urban space • Concept: Purpose-built or renovated properties offering private bedrooms/studios with shared common spaces • Main features: - Furnished rooms - All-inclusive rent (utilities, internet, cleaning) - Shared kitchens, living areas, and workspaces - Community events and activities • Often includes flexible leases and built-in social networks • Provides premium amenities as differentiators 🏢 Co-living leverages the success of Purpose-Built Student Accommodation (PBSA) to meet evolving housing demands. 💼 For investors, Co-living presents an opportunity to diversify portfolios and tap into a growing market segment, shaping the future of urban living. 🤔 Ready to explore commercial real estate investments in the Co-living sector? I'm here to help: • Expert financial modelling for potential investment opportunities • Guidance on purchasing and managing Co-living properties • Personalized strategies for busy professionals and high-income earners 🤝 Let's connect and discuss how you can capitalize on this emerging market. 📈 As an example, I've prepared a detailed financial model for a 62-bedroom Co-living building and a 9-bedroom Co-living house in Melbourne. 👀 Interested in seeing the numbers or exploring similar opportunities? 📩 Reach out, and let's start building your passive income stream through strategic commercial real estate investments. 💰🏗️
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🌟 The Future of Mixed-Use Development: A New Urban Village 🌟 Urban landscapes are transforming into self-sufficient communities, merging residential and commercial spaces into vibrant, walkable neighborhoods. Imagine living in a place where you can walk to work, your favorite cafe, or a local park. This is the essence of mixed-use development—creating a balanced live-work-play environment. Key trends driving this future: 1. Walkability: 79% of people want to live in walkable communities, where essential services are just a short stroll away. 2. Community Engagement: Thriving social interactions and events that connect residents, workers, and businesses. 3. Eco-Friendliness: Sustainable living with green spaces, community gardens, and energy-efficient practices. 4. Smart Cities: Integrating technology for a seamless urban experience. Developers must embrace these trends and market their projects effectively. Denscty Collective specializes in helping developers create and promote these urban villages, ensuring a thriving community for all. Ready to explore the future? 🚶♂️🏡🌳 Read more: https://loom.ly/MfBhBZo #UrbanDevelopment #MixedUse #LiveWorkPlay #SustainableLiving #SmartCities #CommunityEngagement #WalkableCities
The Future of Mixed-Use Development
denscty.com
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"At the top of wish lists, most renters put price/value, location and convenience, though a strong fourth contender is a sense of community due to the isolation many felt during the pandemic..." How are your teams fostering and building a sense of community/connectivity at your properties? Community events? Tech-enabled interaction? Personalize outreach from your team? #multifamily #leasing #propertymanagement
What First-Time Renters Want Most
naahq.org
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The Rise of Co-Living Spaces in Major Cities in Arizona: A New Approach to Urban Living In recent years, co-living spaces have gained popularity as a modern solution to the growing demand for affordable, flexible housing in major cities. This trend has taken hold in Arizona, particularly in urban centers like Chandler, Gilbert, and Phoenix. Co-living, which offers shared living spaces with private bedrooms and common areas, is becoming an attractive option for young professionals, students, and even retirees looking for a more community-focused lifestyle. As housing prices continue to rise, Erin Ethridge, a 2018 Top 40 Under 40 Realtor and leader of The Ethridge Team at Realty One Group, is seeing a growing interest in co-living spaces within the #arizonarealestate market. One of the main reasons for the rise of co-living spaces in Arizona is affordability. With housing prices soaring in cities like Gilbert and Chandler, co-living offers a more cost-effective option for individuals who may not be able to afford a traditional apartment or home on their own. By sharing rent and utilities with other residents, people can enjoy high-quality amenities and prime locations at a fraction of the cost. For those seeking #eastvalleyhomesforsale, co-living spaces provide a viable alternative that meets both financial and social needs. In today’s fast-paced world, people are often looking for more meaningful connections, and co-living offers a built-in network of like-minded individuals. Whether it's shared kitchens, lounges, or coworking spaces, these communal areas encourage social interaction, collaboration, and a sense of belonging. For those new to Arizona or relocating to cities like Chandler or Gilbert, co-living can make the transition smoother by offering an immediate community and a social safety net. Co-living spaces in Arizona are also known for their flexibility, which is a major draw for many residents. Unlike traditional leases that may require long-term commitments, co-living arrangements often offer more flexible rental terms, including short-term leases and month-to-month options. This flexibility is ideal for individuals who are testing out a new city, traveling for work, or simply not ready to commit to long-term housing. As #toprealtoraz, Erin Ethridge and The Ethridge Team are increasingly working with clients who are interested in exploring these more fluid housing solutions in #gilbertrealestate and beyond. The rise of co-living spaces in Arizona’s major cities reflects a broader shift in how people approach housing and community. As the real estate market continues to evolve, these shared living environments offer a fresh take on urban living, combining affordability, flexibility, and social connection. Whether you're a homebuyer looking for an investment opportunity or a renter seeking a new way of living, co-living is an exciting option to consider in the growing Arizona real estate landscape.
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If done right, you can convert an office into an apartment for half the cost of a new build. Such an approach has two major benefits. First, and most obviously, is cost. With significantly lower costs, turning offices into apartments is a chance to boost our stock of affordable housing, which is in particularly short supply in cities. Second is the chance to revitalize city centers. Cities around the world have been becoming increasingly unaffordable, forcing people to move elsewhere. Taking this approach can help rebuild communities and encourage people to visit and support centers, creating a thriving business and leisure hub once more. #Housing #AffordableHousing #Community #OfficeConversion
How living in an office could solve the housing crisis
telegraph.co.uk
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