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Updated by Joanna James on Mar 16, 2024
Headline for 5 Reasons Why Co-living Spaces Are Great for Digital Nomads – A Prudent & Appealing Choice
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Joanna James Joanna James
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5 Reasons Why Co-living Spaces Are Great for Digital Nomads – A Prudent & Appealing Choice

The innovative concept of co-living will be ideal for today's digital nomads as it offers affordability and modern amenities, efficient technology, flexible arrangements and more as described below.

1

The affordability and amenities

As rental costs increase steadily in cities across the world, the concept of co-living has gained popularity, particularly amongst digital nomads who desire to reside in a city temporarily without paying exorbitant accommodation costs. Generally, co-living spaces may provide, in addition to standard amenities like electricity, Wi-Fi and gas as well as access to a kitchen and dining area, accommodation with ensuite bathrooms, a fitness centre, media room or garden. Another advantage of co-living would be that usually, a single fixed rate is charged. Co-living spaces will provide you with a single rate for all the utilities and amenities so that you will save money and not have to negotiate with roommates regarding bills.

2

The efficient technology

Properties offering co-living spaces understand the nature of their targeted customers – primarily digital nomads as well as remote workers – and therefore, design these spaces with the appropriate technologies. You will find that most of these spaces are designed for both living as well as working, providing reliable and high-quality shared workspaces. This will also mean that using co-living arrangements will enable you to save money as you will not need to pay for a separate working space.

3

Arrangements with top flexibility

Co-living will provide you with the opportunity to stay or leave whenever you desire to do so. Digital nomads are sure to appreciate the freedom to reside somewhere and not being obliged to sign a lease agreement for a lengthy period. Most co-living spaces will permit you to rent the space on a month-by-month arrangement. This will provide you with the opportunity to either stay on if you like it or move to a different place. Naturally, this flexibility will be a significant advantage for today's digital nomads.

4

A sociable community

In the past, loneliness was a problem that afflicted individuals who practised a nomadic lifestyle. When you travel on your own for extended periods, establishing social connections could be difficult. On the other hand, co-living will enable you to overcome this problem. Co-living spaces will provide you with many opportunities to involve yourself in community bonding and collaboration. You could mingle with the other residents, work in a shared space and enjoy communal events. In this regard, brands like lyf by Ascott provide a co-living space where both locals, as well as foreigners, could live together for a genuine shared experience; it offers a great accommodation solution for foreigners / expats desiring to immerse themselves in a country's culture for an authentic local experience.

5

A supportive network is provided

Within co-living spaces, you will have the opportunity to develop close friendships and bonds with other residents and can find someone with whom you would be comfortable discussing life issues. You are likely to meet persons who are either experiencing similar life challenges or successes to your own, or those with experience who can provide advice and guidance. This will be very beneficial for digital nomads lacking close friends with whom to discuss life issues.