First co-working, Now co-living

The movement started with people moving from hotels to Airbnbs and now more and more people are looking for alternatives to traditional accommodations such as houses and apartments and turning to co-living spaces instead of these more traditional living accommodations and it make sense for a lot of reasons.

It is kind of the off-campus college or university lifestyle but for adults looking to share a common space, but all have different lifestyles and needs.  It works very similar to sharing office space, but for living arrangements not work-related ones.

The idea of co-living has been around for a while, but it is attracting more and more attention from potential customers and investors looking to capitalize on this new opportunity.

Office-sharing titan WeWork, which is an American company that provides shared workspaces and services for entrepreneurs, freelancers, startups, small businesses and large enterprises has founded a shared-living brand WeLive in the United States which have share spaces accommodations that range from studios to four-bedroom units that come fully furnished and decorated, in a building stocked with the kind of conveniences normally found at Silicon Valley tech campuses.

In the same way that WeWork provides the infrastructure needed to do your job, WeLive takes care of the many hassles that come with finding and setting up your own home. WeLive is also connected, giving residents an app that keeps them informed about events happening in WeLive neighbourhoods.

For those who opt in to this untraditional lifestyle, co-living operators like WeLive will provide one particularly alluring amenity: a community of like-minded people with the bonus of these co-living accommodations typically costing less than similar accommodations in the neighbourhood.

Many look at this as not only a new vision, but as a solution for how people will soon live in expensive urban areas.

By Calli Gregg