- 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
🔁📝Last week, we covered Outpost’s marketing strategy and how coliving models are helping dementia patients, both of which connect to today’s insights on serviced apartments and global coliving news. Click here to revisit all the good stuff:
Coliving isn't just about sharing spaces; it's about creating connections that inspire and empower each individual to thrive.
Impact of Coliving on Serviced Apartments
Sean Wewer, Homelike, writes that coliving has transformed the housing landscape by providing a cost-effective alternative to traditional housing, particularly appealing to young professionals and students.
With living costs soaring, especially in urban areas, coliving offers affordability through shared expenses for utilities, rent, and more. On average, coliving units are 47% cheaper than studios and 65% less expensive than entire apartments, despite being smaller in size.
Increased Length of Stay
This price advantage is complemented by extensive communal facilities that enhance the living experience and encourage longer stays, averaging 4.5 months. This trend challenges traditional serviced apartments to adapt by integrating communal spaces and leveraging technology to remain competitive.
Despite the reduced personal space, extensive communal facilities such as coworking areas and social lounges enrich the resident experience, promoting longer average stays compared to other housing options. As coliving continues to grow, traditional housing providers, like serviced apartment operators, are adapting by incorporating shared spaces and digital tools to stay competitive in this evolving market. This trend not only highlights the economic benefits of coliving but also its role in fostering community and connection among residents.
Coliving Incubator Demo Day Report
The report showcases the insights and achievements of our first cohort, whose diverse projects tackle challenges from affordability to community connectivity in rural and urban living spaces.
The Coliving Incubator nurtures a community of innovators poised to expand the boundaries of communal living. As we celebrate the success of these trailblazers, we invite future coliving entrepreneurs to join us in shaping the next generation of coliving spaces.
"The Travelling Village": A Global Experiment in Family Coliving
"The Travelling Village," an inspiring initiative that brings together 19 digital nomad families on a four-month journey across Asia. Spearheaded by Danish entrepreneurs Nikolaj Astrup and Michelle Rødgaard-Jessen, this project explores the potential of a roaming lifestyle for families.
After experiencing the challenges of maintaining social connections on the road with their children, Astrup and Rødgaard-Jessen launched this unique experiment to foster a supportive community for working parents. The families, spanning a diverse range of backgrounds, share accommodations, childcare, and workspaces across Vietnam, Thailand, and Japan, turning travel into an enriching part of their children’s education.
Read on how "The Travelling Village" blends communal living with the flexibility of digital nomadism, creating a vibrant social life through organized activities and cultural immersions. Discover how this experiment not only challenges traditional family dynamics but also redefines what it means to be part of a global village.
Everything Else Coliving
- Two new property management software for coliving are now in the market Check out Powerhouse and Chainels
- Read Brad Brad Hargreaves’ Thesis Driven newsletter on “Why Yardi Bought WeWork"?”
- Demand for coliving spaces on the rise in India.
- Read what Karla Fraser has to stay about “Co-Living: A Growing Trend for Expats, Digital Nomads, and Retirees”
- Read the opinion of Assembly Place CEO, Eugene Lim: Is co-living a fad or here to stay in Singapore?
- Coliving apartment tower in Houston’s Museum District, restarts development after being put on hold last fall.
- LHN launches its largest co-living residence in Orchard under the Coliwoo brand.
- CLI formally opened its first coliving project along Banilad in Cebu City
- Listen to the podcast “Daily Cuts” on Could coliving become the future of housing?
- A new trend is sweeping through the luxury real estate market that is not only appealing to, and fueling Diaspora interest and investment, but also reshaping the market and the landscape of urban living. This trend, which involves combining the convenience of shared amenities with the exclusivity of upscale accommodations in innovative residential
offerings, is gaining popularity worldwide. Read More.
We hope you enjoyed this edition and wish you a great weekend ahead. Reply us with your thoughts on what more you want to read and if you have any feedback.
If you want us to cover anything, please mail it to us on coliving@artof.co
Gui Perdrix & Mayank Pokharna
The Artof.Co team
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