Who is ready to give up their living room for a five-star spa? According to the 23,000 Co-Living communities across Europe, we’d say it’s a fair few of you. The sociable aspects of shared living spaces appeal to a range of modern-day renters who want a more community-driven renting experience.
Some Co-Living spaces even have a waiting list, so high is their demand. But what is it about these places that have people looking past a full apartment for a room in a community-style building? The social aspect plays a significant role, for sure. Yet, it’s the idea of overall wellness that has many renters signing up for the Co-Living lifestyle.
This is especially true in big cities, which can be lonely places if you’re new in town. The answer for many is Co-Living, and in this article, we’re unpacking just these communities play a vital role in people's wellness.
It’s good to talk
It’s easy to think of Co-Living as some sort of fancy university dorm, but the premise offers so much more. In a world where scrolling your twitter timeline can be easier than having a face-to-face conversation, it’s vital that we have more social interactions.
Co-Living does just that with living spaces not too dissimilar to a five-star hotel. The rest – eating, exercising and even listening to music and playing games – takes place in shared spaces with the other residents. Or, in other words, your neighbours.
Creating an ambience
Entering a Co-Living space is more akin to joining a private members club than it is walking into a typical apartment building. Expect an all-encompassing holistic experience with snazzy art, ambient music and hotel-style vibes.
Chic is the name of the game as residents are made to feel like they’re enjoying social living in high-end settings. And it’s those settings that play the largest role in creating a holistic experience that has many renters switching from traditional living to Co-Living.
The days of settling down in your mid-to-late twenties and early thirties are long gone. In their place is a more curious, adventurous mentality that, at times, doesn’t want to commit to a 12-month contract, let alone a 25-year mortgage.
The majority of Co-Living spaces place flexibility at the heart of their setup, offering anything from a one-night stay to 12-month options. Such flexibility is highly appealing to many renters, who are looking for luxury living experiences without the commitment.
Health and wellbeing
An on-the-go lifestyle usually coincides with a desire for fitness, and Co-Living spaces are fully aware of such traits. Whether you want to take part in the latest HIIT class, find your ultimate zen with yoga instructors or relax at the spa, these communities fully buy into the “health is wealth” mantra.
It’s another added bonus that ties into the modern-day renter’s lifestyle and offers an all-in-one solution, from access to a premium living space to being just a few steps from an intense workout. And Co-Living buildings tend to keep capacity low, so you never feel like it’s overcrowded.
A community within a city
Everything draws back to the relatively lonely nature of big cities. Much of this feeling is non-existent in a Co-Living community, as its setup feels like a neighbourhood within a neighbourhood.
London, in particular, is a place where many don’t even know their neighbour. But Co-Living provides you with the chance not only to get to know those living in the building; you can also eat, socialise and exercise with them too. It’s an all-encompassing experience that brings back the ethos of a community.
The future of renting?
Co-Living won’t necessarily replace traditional living, but it can offer a valid alternative for those who value sharing spaces more so than having their own place. And it’s not like Co-Living doesn’t offer any privacy – hotel-like bedrooms are your own little place if you feel like some “me” time.
The future looks bright for renters, whether it’s traditional living, Build-to-Rent communities or Co-Living spaces, which itself is a subset of Build-to-Rent. There’s never been a better time to rent a home.