Leading indicators point to continued demand from coliving’s young, target demographic despite the ongoing crisis, according to Cushman & Wakefield’s new report on the sector, Coliving During COVID-19. In turn, this further piques investors’ interest as coliving grows and scales, the report indicates.
Coliving is a multifamily model where residents share the common areas of units, such as living rooms and kitchens, while retaining their private personal spaces. Coliving, which also includes micro-units in certain markets, occupies a unique position in the multifamily ecosystem by offering class A–quality builds and locations with the affordability of workforce housing.
From March to August, coliving rents and occupancy have declined in line with declines in conventional class A u
