Is Co-Living The Next Big Thing?

Co-living is evolving all around the world, meeting the needs of younger generations who aren't interested in buying a home and who want to live with less. A new report from Secret Agent examines the phenomenon.

Co-living spaces are popping up in major cities all over the world, including London, New York and Tokyo.

The main features of co-living are:

• well designed communal spaces
• communal activities
• the deliberate fostering of community and belonging
• flexibility of tenure
• furnished rooms
• single payment covers bills, and even amenities such as shampoo, coffee, and gym access

Co-living meets the needs of younger generations who are more interested in travelling and experiencing the world than settling down with a home and mortgage.

Co-living is also in line with the growing 'living with less' movement.

Good design and planning are essential for co-living dwellings to work. Another downside of co-living is the perception that co-living is an inferior form of accommodation.

However, the Secret Agent report concludes:

Overall co-living will not be for everyone however Secret Agent feels that this is a beneficial addition to the housing market. It will be interesting to see if co-living truly takes off in Australia as it has in the USA and other parts of the world.

Want to read more? Check out the Secret Agent Report HERE