The rise of co-living spaces | Inside Real Estate - February, 4th 2020 | Inside.com

Inside Real Estate (Feb 4th, 2020)

The rise of co-living spaces

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4. The co-living trend is becoming increasingly popular. New data shows that "more young adults are still living with their parents than on their own," so this real estate movement is providing a more favorable alternative to that arrangement. For most of these buildings, there are private sleeping quarters and shared kitchens and restrooms. Entertainment subscriptions (like Netflix and Hulu) are usually included in the price. For some shared-living communes, health and wellness is a theme that's popular. In these, tenants are encouraged to share their cooking or yoga skills with their roommates. The benefits include affordability and community. One co-living resident, Cassidy Claire Risien, said that she pays less than $1,000 per month to live blocks from the beach in Venice, California. - CNBC

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