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Updated by Joanna James on Mar 07, 2023
Headline for 5 types of co-living properties and concepts- A modern way of living!
Joanna James Joanna James
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5 types of co-living properties and concepts- A modern way of living!

Co-living is all the rage now. It's mostly because of all the benefits one can reap by shared spaces! Here are a few types of co-living spaces you can check out!


Urban Apartment

The urban apartment co-living type caters to the city dwellers who enjoy comfort, community-focused, and reasonably priced lifestyle. Common, Quarters, Starcity, Zolo Stays, and The Collective are among the world's largest and well-funded co-living operations. These businesses usually manage buildings of more than 50 tenants and cater to a younger audience. This style of co-living is suitable for single room occupancies, except instead of apartments, open spaces such as dining rooms, communal kitchens, and rooftop patio seating are shared. Units are typically fully furnished, include 3 to 6 private bedrooms, which may or may not include ensuite bathrooms. However, shared bathrooms are the most common.


Digital Nomad

The digital nomad co-living category group caters to foreign travellers who enjoy mobility and flexibility. This brand of co-living is often compared to hostel styled living because it is based on short-term stays and maintaining a social atmosphere, however, it does differ in several respects. In most cases, digital nomad co-living environments would also house co-working spaces and maybe a restaurant or cafe too. The average length of stay in this form of co-living is anywhere between 1 to 3 months.


Business Traveller

The business traveller of co-living caters to business travellers who want a well-designed living environment when away from family on business. Though hotels have traditionally acted as a temporary home for business people, co-living companies like lyf by Ascott are tailoring their living experiences to meet the needs of today's business travellers. These co-living spaces, which are usually adjacent to a city's business district, offer networking activities as well as professionally serviced co-living spaces.


Budget Conscious

The budget-conscious co-living group is aimed at people who are cost-conscious living in big cities. With house prices surpassing wage inflation in 80 per cent of the U.S markets, a growing number of residents are searching for more affordable housing opportunities in big cities. Many co-living businesses have leapt at the chance to deliver a more sustainable living environment based around the community. Given that you will be sharing spaces with other like-minded groups, you can expect costs to be cut down by big margins. You will be able to enjoy 'city life' without breaking the bank!


Community Seeking

Residents that enjoy an interpersonal living experience fall into this group called 'Community Seeking'. Although all co-living operators have a kind of community theme, community seeking groups go above and beyond to ensure that the living environment is centred around the community. Most of these co-living companies have a rigorous application process in place to make sure that all of the tenants can contribute to the creation of an intentional society that is based on harmonious living and peace.