Have you heard of co-living? Do you know what it is? Because developers are executing the concept differently, co-living can’t be defined as one particular type of building or living arrangement. But what many co-living properties do promise is an affordable price tag in exchange for residents sharing spaces like kitchens, living rooms, and sometimes even bathrooms. Developers building co-living properties say it’s more than just sharing space, though. Property-wide events like weekday dinners and other social activities exist in co-living properties to enhance the sense of community and facilitate a full social life.
Even if a property you manage isn’t set up as a co-living building structure, you can still appeal to tenants seeking this lifestyle by adopting community aspects of co-living. Your residents may be interested in leading supper clubs, yoga classes, running groups, or other social activities that will create a connection to your property and keep residents satisfied.