How co-working is giving way to co-living among millennials
First, the sharing economy, and now longer-term temporary accommodation is becoming a way of life for millennials
As millennials have reimagined what it means to be employed, they are also reimagining how we can live. New forms of travel, work, living and commuting have been spearheaded by the millennial generation, and now these models are being incorporated as more permanent parts of their lives. We take a look at how co-working has given way to co-living.
Social working becomes social living
Hotels are increasingly focusing on co-working spaces in a bid to attract more youthful guests through their doors. These guests, often millennials, are used to working remotely and living as digital nomads, with nothing more than their computer as an office.
However, it is rare that hotels will also offer longer term accommodation to digital nomads, and this is where aparthotels have filled in the gap, offering longer-term solutions to transitory living.
But this has also bred a demand for the best of both worlds, where co-working, co-living and community exist together.
Shared living is not a new concept, but it has only recently caught on in places like Australia, after becoming popular among young people, older singles and those looking for a sense of community in their living situation.
The best of both worlds
Complexes such as UKO in Sydney offer dwellers a private room with en-suite, access to communal areas to work, relax or cook in, and entry to yoga classes as part of a package that costs less than $500 a month, a sum unheard of in the private rental market in Sydney.
This solves the problems that lots of millennials run into when trying to juggle the needs in their lives – they might need to hot desk or rent an office space, but this might be unaffordable on top of high city rents.
They also want a sense of community with people in a similar situation or with the same kind of lifestyle, not the easiest thing to come by when you move around a lot.
Co-living spaces are all about clever design, getting the most out of small spaces with lots of smart features such as pull out desks, shelving that hides behind cupboard doors and elevated beds to allow for storage space underneath.
There is also a wide range of social spaces, from living rooms to lounges, courtyards to gardens, depending on where you look.
It is an ideal scenario for those who are keen for a sense of adventure and community in their living environment, and one which wouldn’t have come about if it wasn’t for the advent of co-working, aparthotels and global travel.
Let’s take a look at a few other projects currently underway related to coworking spaces:
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