With the influx of young professionals, entrepreneurs and digital nomads into the workforce, there has been an increase in the need for housing, especially in urbanized areas. These people are often faced with limited funds and are faced with the difficulty of finding space in cities where housing prices are incredibly expensive. Thus coliving has been developed as a concept borrowed from coworking as a means to provide housing for people looking to live cheaply in a collaborative community of like minded individuals.
Coliving focuses on creating shared housing in which collaboration, sharing and using communal resources and space where relationships with peers can develop. The purpose of this housing concept is to provide a homely environment where its residents can unite and push each other to create and cultivate skills in a collaborative community.
This concept of a housing is very appealing to people for numerous reasons. One of the first reasons is often times in cities it is difficult to find people to actually connect with. It seems counterintuitive that in a city with thousands to millions of people that it would be challenging. But the large amount of people does not necessarily mean you will find people to actually connect with and share common interests. Therefore coliving can assist with this challenge and provide not only housing, but a group of people that you can engage and develop relationships with.
A second reason for the coliving appeal is that because of the increase in mobile jobs that allow for flexibility in work location, people are less likely stay in one place for an extended period of time. This decreases the appeal of traditional housing that requires either a mortgage or lease. The coliving alternative allows people to pay a fixed price every month for a room in the coliving compound.
One of the biggest coworking and coliving spaces in the United States is WeWork (coworking) and WeLive (coliving). WeLive has two locations, one in New York City and the other in Washington D.C. Both aim to provide housing for tenants that are seeking furnished and flexible spaces whether for a couple days or a month that will give them access to a community atmosphere throughout their stay. WeWork provides tenants with everything from free events, and communal areas, to housekeeping and the option to be flexible with how long your stay is.
Although WeLive is only one of numerous coliving places springing up around the globe, it is an indicator of the trend utilized by coworking spaces. This trend involves using space to not only make money for the company, but also providing a safe, creative and collaborative environment in which people can come, develop relationships and work together in an integrative and supportive atmosphere.