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🔁📝Last week, we covered new housing summits and joint ventures and how they relate to today’s financial case study. Need a refresher? Check out the article for the full breakdown by clicking the button below:
Read This Coliving Case Study
It explains key factors like the gross/net area ratio, programming, hard and soft costs, developer's profit, financing costs, and gross/net rent yield. These factors are essential in determining the feasibility and profitability of a real estate project.
New Coliving Regulations in Madrid
The law now also differentiates between “coliving” and “cohousing” with different regulations for each. Changing the regulation is going to open doors for more traditional developers to enter the game.
Implementing ESG Criteria Into Coliving
“Making coliving a good experience for tenants and contributing to tenants' social wellbeing is not something that just comes all by itself - it demands continued focus and effort.”
Some of the key ways LifeX tracks ESG compliance are the creation of NPS scores and surveys, conflict resolution and prevention measures, sponsoring welcome dinners to facilitate interactions, and - of course - spaces that allow enough privacy while creating social harmony. Read more here.
New Study Shines Light on Coliving Situation in France
It highlights the growth of coliving, with the number of beds increasing significantly from 2,600 in 2020 to a projected 24,000 by 2025, due to its attractive yields and high occupancy levels.
The article also examines the legal complexities surrounding coliving and discusses specific coliving projects like ECLA by UXCO Group or NOMO by Bouygues Immobilier. Have a read here (in French).
And Everything Else Coliving
- Get Advice on Coliving Marketing: Artof.Co cofounder Mayank Pokharna is opening up free advisory calls to help coliving companies grow their marketing, improve funnels and attract their ideal resident.
- Co-Liv hosted with MIPIM the inauguration of Housing Matters: the one-day summit on the future of housing happening March 11th (just before MIPIM) has been officially launched in a joint conference in Paris. We highly recommend attending.
- Habyt Grows Further in Germany: with two new locations in Berlin and one in Frankfurt, the operator has opened more than 1,000 units this year in Europe - and also launched its first hotel this year.
- New Coliving Space in Miami Starts Pre-Leasing: the Society Wynwood building with almost 300 units is about to open and start pre-leases now.
- Urban Campus Signs New Building In Madrid: growth continues steadily for the operator, which already has 406 units under management and plans to double size next year.
- Staying At Folk Coliving: enter the coliving concept through a first-hand experience by a resident.
- Coliving space Union opens its doors in Manchester: the lifestyle brand, targeting students and young professionals, is about to operate its first building.
- JLL sold its first coliving property in Sydney: the real estate firm continues its efforts to partner up with developers, investors and operators to create coliving residencies.
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Wishing you a great weekend,
The Artof.Co team
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