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Coliving Tenants Expected To Branch Beyond Young Professionals

Due to the rise of the sharing economy, the coliving sector is becoming a popular choice for young professionals looking for a cost-effective, community-driven living arrangement. This has piqued the interest of many investors. 

For example, UK operator The Collective, backed by DTZ Investors, announced plans to raise upwards of £650 million for a coliving fund that will hold a portfolio of six to ten assets in an effort to attract £1 billion of investment over the next decade. 

“Recent deals and the launch of new partnerships prove that the coliving sector can finally shake off any notion that it is simply a fad,” said Richard Lustigman, director of coliving capital markets at JLL. “With young, fresh leaders on the operating side, it’s a sector which is now blossoming in its own right.”

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According to JLL, In Europe alone, 60% of the 23,000 coliving beds became operational in just the past two years. Moving forward, JLL predicts that it will evolve to cater to a large tenant base. This could include spreading to other residential sectors such as student housing or senior living.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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