- Get your paperback, kindle, or PDF edition of Art of Coliving Book.
- Starting or operating coliving space? Level up and Join the Coliving Incubator Program.
- Are you building a coliving business? Get Free Coliving Advisor
🔁📝Missed last week’s insights? We talked about policies shaping coliving in the UK and coliving expansion in Korea. Check out the link below for more details:
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Thank you for being part of this journey,
Gui Perdrix & Mayank Pokharna from Artof.Co
Coliving Architecture Reimagined
Some of our favorite highlights: the flip-flop house concept.
Recap of 2024 Coliving Trends
Thomas Beyerle discussed the battle for living space between Baby Boomers and Generations Y and Z, highlighting demographic shifts impacting the housing market.
Andrei Martin explored adding meaning to dwellings through micro-cultural residences, lifestyle brand integration, and adaptable living spaces.
Finally, Gui defined coliving as shared living spaces with a strong community focus and urban lifestyle, emphasizing its flexibility and various forms. And touched upon some key learnings that we’ve had with Artof.Co:
Gui Perdrix concluded by mining his extensive experience to offer some advice to coliving developers and operators, based on some of the common mistakes that have been made in this nascent market.
This included getting the affordability right, not relying too much on technology, providing smaller areas conducive for closer bonding, having a longer-term focus (maybe 5 to 10-year stays rather than the one-year contracts that are still the norm?), and co-ownership options for tenants.
But above all, he stressed, the most important thing for coliving developers and operators to get right is “to create an experience across the entire residential journey” – from the time the resident discovers the space, through the interview stage to find out whether the concept suits them, to integrating into their new community and finally feeling at home (a process known as ‘onboarding’). As he told us, if a new resident makes 2 or 3 new friends in their first week, they are 50% more likely to extend their leases.
Make sure to read the whole 2024 trends recap here.
Are you at MIPIM?
Also, make sure to join the Co-Liv Sunset Connect event, which will bring together 100+ coliving, shared living and residential operators, developers and investors.
Artof.Co is a proud sponsor of this event and it will be a pleasure to meet you in person if you’re in Cannes!
Finally, shoot Gui an email if you’re at MIPIM and want to connect!
Everything Else Coliving
- Hotels are more and more using coliving or even transforming with coliving operators into a residential model. As this in-depth story highlights, restaurants can be turned into communal spaces, and cash flows can be stabilized for hotel chains.
- Coliving is coming to Saudi: Rafal Real Estate Development Company, in collaboration with HIVE, the innovative Dubai-based living solution, announced their strategic partnership in the Saudi Arabian market.
- Singapore is looking to repurpose more state properties for co-living spaces
- The Greater London Authority (GLA) has responded positively to the coliving sector's planning guidance feedback.
- And, click here for a good read by Colive CEO Suresh Rangarajan on the different types of coliving according to him: blended living, coliving hotels, and niche living. Read also her view on data-driven and sustainable coliving best practices.
We hope you enjoyed this edition and wish you a great week ahead,
Gui Perdrix & Mayank Pokharna
The Artof.Co team
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