Home Business Insights & Advice Why more people than ever are moving into co-living spaces

Why more people than ever are moving into co-living spaces

by John Saunders
14th Jul 21 3:34 pm

More and more people are choosing to live in co-living spaces in London and around the world, and with good reason. There are countless advantages to choosing co-living no matter who you are or what you’re looking for.

Choosing to live in a co-living living space means renting a private bedroom in a facility that offers communal spaces for working, eating, cooking, entertaining and much more.

Here are just a few reasons why so many people are choosing co-living over the alternatives.

Living in a big city

Co-living spaces are often found in big cities. For many of us, living in a big city is a dream and can offer us great opportunities. Co-living means making city living affordable for regular people, it offers incredible facilities and high standard rooms for a fraction of the cost of renting in a big city.

Great shared facilities

Many co-living spaces are purpose built, or newly renovated, to function as co-living spaces. This often means that rooms and facilities are of a very high standard.

With shared facilities but private rooms, tenants in co-living spaces can maintain all the benefits of sharing with like-minded people, whilst being able to customise their own living space. many will do so in their own rooms by utilising things like bean bags and comfortable seating (source: LuxiGaming) as well as other decorative features.

Many co-living spaces will offer large shared kitchens, laundry facilities, working spaces, gyms, entertaining spaces, even pools. All these facilities are included in your monthly rent and can offer you an incredibly high standard of living for a very reasonable rate.

Community life amongst like-minded professionals

Opting to live in a co-living space means you’ll be moving into a prebuilt community of like-minded people. Because co-living means sharing communal areas with your housemates you will be surrounded by potential friends. Moving to a big city can feel very daunting and if you don’t have a group of friends already in your city it can feel isolating.

Co-living offers a great solution to this problem, giving you the perfect blend of private space and communal space and allowing you to socialise whenever you please.

Mental wellbeing

Isolation and loneliness have become a national epidemic. Healthline has suggested that adults under 24 are currently the loneliest age group. With so many of us feeling lonely, co-living could be a solution to the end of this problem.

Many co-living spaces have organised community events on a regular basis, allowing their residence to socialise and relax without the pressure of organising an event. The beauty of co-living is that there’s always somebody about to talk to, but no pressure to socialise as you have your own private space.

Affordable living in cities

Living in big cities can be very expensive. In comparison to living alone, co-living spaces offer a much cheaper alternative. As well as being significantly cheaper than many of the other options on the market, co-living spaces are also generally maintained to a very high standard.

With co-living often being cheaper and some of the alternatives, residents are able to use that extra income for whatever they please. Either to explore a new city or save and invest in your future. Either way, co-living means less money on rent and more money to what matters.

A great option for everyone

Although co-living has a reputation for attracting young business savvy individuals, it’s also appealing to a wide range of demographics. For those who are moving to a new country, opting for co-living can be a great way to go.

Co-living means you have a community of soon to be friends surrounding you from the moment you move in.  For digital nomads too, the flexibility of co-living makes it the perfect option. living one co-living space for a few months and then moved to a new city filled with new people to meet.

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