We are delighted to announce a new series of our blog posts:
"Inspiring Coliving Businesses."
Smaller families, social isolation, the housing crisis, and lots of other trends have driven coliving to gain steam and to be popular living arrangements across generations and the world over. It is therefore of essence important to learn from the businesses that have done it rather than re-inventing the wheel. Introducing Outpost Club.
Finding housing options in the heart and hustle of cities such as New York and Philadelphia that are affordable, convenient, and community-oriented has been a challenge. Outpost Club is leading the way within the coliving ecosystem and is a game-changer when it comes to city living among young professionals, students, and digital nomads alike.
Outpost Club is one of the fastest-rising coliving brands, taking full advantage of the right mix between private and shared spaces to combine meaningful connections with making life easier in the city. Co-founded in 2016 by serial founder Sergii Starostin, it has grown rapidly.
A Vision for Modern Urban Living
Outpost Club was born out of the desire to solve high living costs, social isolation, and complexity in renting conventional methods in major cities. Having managed over 1 million square feet, with 51 properties at a historical occupancy rate of 97%, the company has established significant growth and impact in the coliving sector.
Mission and Values
- Community Building: The philosophy of the Outpost Club is based on the idea that housing should not just be a place to sleep; instead, it may be an opportunity to build community where residents share and collaborate to prosper.
- Affordability and Flexibility: Outpost Club creates more accessibility and convenience to city living with its fully furnished spaces, along with flexible lease terms.
- Innovation: Leveraging technology in property management, as well as in engaging with its residents, has been a hallmark of innovation within the company.
What Sets Outpost Club Apart
Prime Locations
Outpost Club properties are found in some of New York's most dynamic neighborhoods, from Williamsburg through Bushwick and Hell's Kitchen to Crown Heights, offering effortless access to cultural hotspots, public transportation, and employment hubs.
Modern Amenities
- Fully Furnished Spaces: Each property is thoughtfully designed and equipped with high-quality furniture, appliances, and essentials.
- High-Speed Internet and Co-Working Spaces: From remote workers to students, dedicated work areas with reliable internet address efficiency with ease.
- Community Areas: It provides roof-top terraces, entertainment lounges along with shared kitchens that help create encounters of interaction and build friendliness.
- Advanced Security: Digital keys and security systems to protect the residents.
Flexible Lease Terms
Whether in need of a place for a month or a year, Outpost Club has flexible lease options available, right for different lifestyle needs without the encumbrances of a traditional long-term lease.
The Outpost Club Experience
Community Events and Networking
Such regularly scheduled events as group dinners, movie nights, and professional networking sessions help develop many valuable relationships and further one's personal and professional circles.
What members say?
- Vlada, a student: “Living at Outpost Club has been mentally uplifting. It’s like having a built-in support system right inside your home.”
- Francesco, a freelancer: “The shared amenities are brilliant—the rooftop views are stunning, and having a 24/7 laundry area is incredibly convenient.”
Case Study: Success at Hell’s Kitchen House
Location: West 47th St., Hell’s Kitchen, New York City
Property Overview:
- 32 bedrooms across 9 free-market units
- Targeted at young professionals seeking community and convenience
2023 Performance Highlights
- Rental Revenue: Outperforming traditional leasing models by 31% in average monthly rental revenue per unit.
- Occupancy Rate: Maintained an impressive 98.3%, indicating high demand.
- Net Operating Income (NOI): Despite operating costs being 51% higher due to investments in quality furnishings and infrastructure, the property realized a 25% higher NOI compared to traditional models.
Key Takeaways
- Resident Willingness to Pay Premiums: Appreciation of flexibility, convenience, and community aspects by tenants could be justified with higher rental prices.
- Landlord Benefits: Property owners benefited from growing revenues and higher NOI, reputedly proving the financial viability of the coliving model.
- High-Quality Tenants: Property had minimal risks of non-payments since it has focused on high-credit tenants.
Why Landlords Partner with Outpost Club
Increased Revenue Potential
Landlords can achieve up to 15-35% more in net operating income by converting properties into coliving spaces managed by Outpost Club.
High Occupancy Rates
With a proven track record of maintaining occupancy rates above 97%, property owners benefit from consistent rental income.
Hands-Off Management
Outpost Club handles all aspects of property management, from maintenance and utilities to tenant selection and community events, providing a hassle-free experience for landlords.
Market Trends Favoring Coliving
- Demand Surge: The coliving market is projected to grow by 20% between 2024 and 2026, driven by urbanization and changing lifestyle preferences.
- Affordable Housing Shortage: Cities like New York face significant shortages in affordable housing, making coliving an attractive alternative.
- Regulatory Changes: With restrictions on short-term rentals, coliving offers a compliant and profitable solution for property owners.
Technology-Driven Living
Outpost Club leverages technology to enhance the resident experience:
- Online Platforms: Streamlined applications, payments, and lease management.
- Resident Apps: Facilitate communication, event sign-ups, and maintenance requests.
- Smart Home Features: Digital locks and smart thermostats contribute to safety and energy efficiency.
Join the Outpost Club Community
For Tenants: Experience a new way of urban living that combines affordability, flexibility, and community. Discover available spaces by visiting Outpost Club’s website and starting your application today.
For landlords: Unlock the full potential of your property with a trusted partner in coliving management. Contact Outpost Club to learn how you can maximize your returns and simplify property ownership.
Looking Ahead
Outpost Club continues to expand its footprint, with plans to enter new markets and introduce more innovative solutions to urban housing challenges. Committed to enhancing the coliving experience, the company is poised to lead the transformation of modern cities through community and innovation.
Connect with Outpost Club
- Website: https://outpost-club.com/
- Email: info@outpost-club.com
Social Media:
- Instagram: @outpostclub
- Facebook: Outpost Club Coliving
- LinkedIn: Outpost Club