Most commercial developers recognize the changing interests of millennials, with co-working advancing to become a well-accepted commercial development model. Co-living, meanwhile, also appears to be making some inroads, particularly in delivering student housing and in highly densified cities.
Co-living serves as a modern form of housing, whereby residents share values, interests, aspirations and living spaces. It establishes a balance in which members feel there is no compromise between space, privacy, location, productivity and fulfilment.
Outside these niche residential markets, it appears that co-living new build is still evolving and is not yet an accepted mainstream housing delivery model – but that could be changing.