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5 trends driving coliving

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Coliving: the future of urban housing

More and more young people are choosing to live together in a shared home or apartment. While this has been a cost- and space-effective habit for students residing in campus accommodation, the trend is now outgrowing its origin. Young working people, entrepreneurs and freelancers are increasingly drawn to the coliving lifestyle. While cost-effectiveness remains a compelling advantage, there are several other drivers behind the coliving trend. We have highlighted the 5 main trends.

Trend 1: Urbanisation

It’s no secret that urbanisation has, for a long time already, seen an increase in the number of people moving to large cities. But along with a growing population, this trend is only accelerating. By 2030, the world is projected to have 43 megacities. By 2050, 68% of the global population will live in cities. With so much demand for urban life, coliving represents a practical solution. It’s no coincidence that city centres consist of apartment buildings while the suburbs are home to houses with a garden, driveway and garage. As our cities will continue to become more and more dense, coliving will expectedly move from a recent trend to a widespread habit.

Trend 2: Cost of city living

Along with increased demand for city living comes the increased costs of urban lifestyles. The larger and more popular the city, the steeper the increase in cost of living. The correlation seems logical , but it poses a dilemma to the young individuals who seek to start their lives and careers in a city that is borderline too expensive for them. Once again a practical solution, coliving offers these individuals the opportunity to seize the city lifestyle, while sharing sufficient space and facility to make it affordable.

Trend 3: Consumption over ownership

Along with increased demand for city living comes the increased costs of urban lifestyles. The larger and more popular the city, the steeper the increase in cost of living. The correlation seems logical , but it poses a dilemma to the young individuals who seek to start their lives and careers in a city that is borderline too expensive for them. Once again a practical solution, coliving offers these individuals the opportunity to seize the city lifestyle, while sharing sufficient space and facility to make it affordable.

Trend 4: Work-life blending

Another common difference between millennials and previous generation is their attitude towards work. Millennials care more about personal engagement and working on something with impact than about their salary or benefits, much to the contrary of their parents’ generation. As a result, they blur the boundary between working life and personal life. ‘Colivers’ want to mingle with other likeminded youngsteres and globetrotters of all walks of life. Along with rise of in coworking spaces and shared offices, coliving concepts provide their members not only with a home, but also with areas, facilities and events around social interaction.

Trend 5: Digital nomads

 In line with the desire to work on something self-fulfilling or impactful, more and more people are working as freelancers and entrepreneurs. As the first generation that grew up alongside the internet, a whole new variety of professions (and skills) have entered the workforce: web developers, online marketeers, software engineers, designers and more. The difference to freelancers of past generations is that these can work from anywhere — and often do. You don’t have to be a job-hopper to be a globetrotter anymore, as you can be working on the same thing from a new location every month or year. When you ask yourself where you will live and work from, both questions share a single answer: coliving.

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