Co-living is a real estate concept where multiple unrelated individuals share a fully furnished residential space, typically with private bedrooms and shared common areas like kitchens, living rooms, and sometimes even workspaces or gyms.
Key Characteristics:
- All-inclusive rent: Covers utilities, internet, cleaning services, and sometimes events or community programs.
- Flexible leases: Often shorter-term and more adaptable than traditional rentals.
- Community-focused: Designed to foster social interaction and a sense of belonging.
- Managed by operators: Co-living buildings are usually managed by a company that provides services, maintenance, and sometimes community events.
Target Audience:
- Young professionals, digital nomads, students, or newcomers to a city who value flexibility, convenience, and social connections.
Developers and investors repurpose or build residential buildings specifically for co-living, often in urban centers with high rental costs.
