After Coworking, Coliving!
The real estate sector is undergoing radical change, propelled by the rapid emergence of a generation: millennials. The latter initiated a revolution in the field of housing with an innovative trend: Coliving. This community-based approach is not limited to transforming the way young adults perceive housing; it also redefines their way of interacting with their social and urban environment .
Understanding Coliving
Coliving, often confused with shared accommodation, corresponds to a housing method where several individuals live together in shared spaces, while having access to common equipment and services. Unlike traditional co-living, Coliving focuses on forming intentional communities , providing enriching living experiences and encouraging social interactions and collaboration among residents. Well known to students, Coliving is attracting more and more elderly people who are independent or losing their autonomy, particularly in order to avoid social isolation which affects, according to the 2021 barometer of the little brothers of the poor, 2 million our elders.
Why are Millennials adopting Coliving?
1. Socialization and community: Millennials prioritize meaningful social interactions. Coliving provides them with a conducive environment to establish connections with individuals sharing similar interests, thus promoting the development of strong personal and professional networks.
2. Flexibility and convenience: Financial constraints and professional mobility encourage young adults to opt for flexibility. Coliving addresses this need by offering flexible leases and fully furnished spaces, eliminating the hassle of moving to a new location.
3. Savings and access to quality equipment: By pooling the costs of common spaces, residents are able to reduce their expenses while having access to high-end equipment, such as gyms, coworking spaces, services laundry, self-service electric scooter rental, etc.
4. Ecological awareness: Coliving encourages the sharing of resources, which helps reduce the ecological footprint of residents. This sustainable approach especially attracts a generation concerned about the environment
The Impact of Coliving on Real Estate
This development in the real estate sector has a major impact on the market. Real estate developers are adjusting to this growing demand by designing buildings dedicated to Coliving . These spaces combine private accommodations and common areas to encourage interaction. At the same time, companies specializing in Coliving are expanding their geographic presence, offering a diversity of housing options in attractive urban areas.
The Lime company in 2017 offered Coliving suites in the city center of Bayonne (64), thus paving the way in this area. On the other hand, the start-up Colonies offers several locations dedicated to Coliving in Fontainebleau (77), Paris 20th (75), Noisy-le-Grand (93). Other Coliving spaces have also emerged elsewhere, such as Casa Wellness in Colombes (92), ECLA in Massy-Palaiseau (91), or even The Babel Community in Marseille (13).
Conclusion
The Coliving generation, mainly represented by millennials and seniors, is fundamentally transforming the way people think about housing . By prioritizing community, flexibility and economic efficiency, Coliving is emerging as an attractive and relevant alternative in the current real estate landscape.
This trend isn't just about housing; it reflects a profound cultural change, placing community and conviviality at the heart of the priorities of younger generations. Coliving is not just a housing option, but a real way of living that could well shape the future of urban housing.
Coliving is not just a trend, it is a revolution that is transforming the way we think about our home.
Contact us to discover our Coliving real estate projects and our intergenerational residences, and their many advantages!