A housing crisis is raging across the U.S. As young professionals emigrate into major cities like New York, Los Angeles and San Francisco, a positive intersection between highly-educated workers; the concentration of corporate investment; and job opportunities has heated both renter and owner housing markets.
Coliving—where location, convenience, community and affordability are all maximized for the tenant, while revenue is maximized for the owner and operator.
Factors affecting coliving:
- Many urban residents are cost-burdened—spending more than 30% of income on rent.
- Marriage and family formation have been delayed.
- Educational attainment and savings accounts are at record lows, while student debt is soaring.
For operators, this opens new avenues to differentiate product and tap into a large renter base that maximizes revenue on a per square foot basis.
2019: Coliving’s Moment explores the state of coliving, strategies and funding of key players and future growth potential.