Now, the on-the-go attitude has caused homeownership among Millennials to decline as the generation is generally disinterested in permanently settling in one area and more inclined to want to work from anywhere. This will likely be applied to Gen Z as well. 

This growth of remote work and freelancing has led to the combination of coworking and coliving spaces.

To put it in perspective: a gig worker that is allowed to work from anywhere, whether it be the Bahamas or Michigan, has to make living arrangements regardless of the area. Instead of opting for a short-term lease on an apartment or a cheap hotel, wouldn’t they rather live and work in the same space?

This is beneficial for the growing digital nomad population, as it offers a financially sound agreement, while a proper space to work and socialize.

Currently, about 43% of the U.S. workforce works remotely, which has led to a boom in coliving and coworking spaces.

Now, companies such as Outsite are looking to accommodate this audience. Outsite in particular offers members access to coworking and coliving spaces worldwide.