Copse Magazine believes that campus style living is the next big growth area in urban letting, which we discussed in our article ‘Campus Lifestyle‘. Here, Fast Company, takes a look at WeWork – the co-working space provider – as they make their first foray into residential units.
“Coliving” is obviously not new (see the kibbutz, the commune, the close-knit neighborhood), and WeWork is not the first to turn it into a business. Coliving startups, which typically charge rent (or “membership”) on a month-by-month basis, see an opportunity to provide flexible housing for affluent millennials, who are flocking to urban areas at a higher rate than any other previous generation, even as rents in cities like New York and San Francisco hit record highs.