Why coliving is catching on outside Europe’s capitals
Coliving is sweeping across Europe’s cities as younger generations increasingly look beyond traditional flat shares or studio apartments.
With cities from Glasgow to Marseille experiencing an influx of 20 and 30-somethings for education or work, demand is rising for high-quality accommodation offering a range of amenities and like-minded communities in central locations. Coupled with the demographic shift towards younger, single-person households, coliving is helping to fill a gap in the market.
“The coliving market is evolving quickly, having emerged from nowhere over the last two or three years,” says James Kingdom, Head of Alternatives Research at JLL. “There is significant growth potential in cities where there is pressure on urban land use and the affordability of housing.” …