In coliving, multiple people share a single home with common areas such as kitchens and living rooms.
DALLAS—While the concept of communal living conjures up the 1960s for some, for others it is today's new normal, according to Cushman & Wakefield's Survey of the Coliving Landscape. The report looks at this multifamily subsector and how it's emerging as a niche asset class.
Coliving is a type of community housing where multiple people share a single home with shared areas such as bathrooms, kitchens and living rooms as well as other amenities. Major operators in the space currently have 3,700 beds with another 9,300 and counting in the pipeline, with a high concentration in New York, Los Angeles, Chicago, Boston, San Francisco and Washington, DC.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
