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Home News

Demand Grows For Co-Living Despite Pandemic

Jo MeunierbyJo Meunier
November 12, 2020
in News
Reading Time: 1 min read
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Despite the ongoing pandemic, demand continues to grow for co-living, according to Cushman & Wakefield’s new report ‘Coliving During Covid-19’.

In turn, this is attracting interest from investors as coliving grows and scales.

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Yardi Kube automates flex & coworking operations

Co-living, in which residents share houses and apartments while retaining their private personal spaces, saw a sharp decline in rent and occupancy when the pandemic struck.

However, in the past two months, there has been a rebound.

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Yardi Kube automates flex & coworking operations

“The sustained strength of coliving through the current pandemic can be attributed to what our customers have been saying for years. A home needs to provide a sense of community and add value to everyday life,” said Noah Gottlieb, CEO of The X Company.

“If owners can continue to deliver on that promise, coliving will continue to be successful agnostic of market conditions.”

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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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