Everything Coliving: Building Digital Nomad Coliving, Shared Living Survey, Lessons from Common & Selina, Coliving Events, Coliving Incubator, and Other Coliving News.
You are receiving Everything Coliving, the summary of coliving news, insights, and announcements curated by the Artof.co team. Today, it’s Mayank Pokharna behind the edition! If you don’t find value, simply unsubscribe at the end of this email. And if a colleague sent Everything Coliving to you, make sure to subscribe here (or below). Have a good read!
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Coliving Innovators Podcast: How to Build a Digital Nomad Coliving? Mayur, Founder, NomadGao
We had the pleasure of speaking with Mayur Sontakke, founder of NomadGao, on the latest episode of Coliving Innovators! 🌍
In this episode, we dive deep into Mayur’s incredible journey from being a financial analyst to becoming a digital nomad and ultimately launching a thriving coliving brand in India. 🇮🇳
Here’s what we covered:
✅ How Mayur turned retreats into successful coliving spaces
✅ The challenges of creating a digital nomad hub in an emerging market
✅ Building a community-first approach to coliving
✅ The role of operations and technology in scaling coliving spaces
If you’re passionate about the digital nomad lifestyle, remote work, or considering starting a coliving business, this episode is packed with golden insights! 💡
Participate in the Largest Shared Living Survey by COHO
Shared living is growing, and it is growing fast. The positives of shared living or coliving far outweigh the negatives, and hence it is the fastest-growing living segment. Since 2017, more than $50bn has been invested in the shared living ecosystem and it is on a path to grow with 18% CAGR.
Understanding the end user and building solutions for accordingly has become a need of the hour. In the same spirit, COHO, a UK based shared living software has undertaken a massive excerisise of launching the largest shared living survey of 2024.
Fill it if you have ever lived in a shared house? The stories are legendary (good, bad, and hilarious, we bet!). Let your voice be heard and learn what the users want.
Please fill in the survey on the link below. You can also share it with your tenants.
Sponsorship Opportunities: Everything Coliving Newsletter
If you are looking to expand your reach within the coliving sector you should considering launching and promoting your product in the Artof.Co ecosystem and gain long-term brand awareness.
Our goal is to create strong and long term brand awareness for your company, which educates coliving actors on how your solution can benefit them. Our content is value-driven. We only promoted products and service providers that our community wants and needs. By working with Artof.Co and its media channels, you align your brand with the forefront of living space innovation and a dedicated community of professionals, enthusiasts, and pioneers in the coliving sector.
Sneak Peak into Coliving Incubator Program
Here is what being a part of the program gets you and this is just the starting bit.
The Coliving Incubator Program is a 12-month program that adapts to the requirements of a coliving entrepreneur and helps them build sustainable coliving businesses.
Is it a course? No, it’s not. Its a program built keeping in mind:
Every coliving journey is different and the program adapts to it.
Peer learning is the best form of learning, and we have weekly masterminds for exactly that
Rome was not built in a day, and hence, we think a 12-month milestone-based program is needed to help coliving entrepreneurs build sustainable coliving businesses.
The Downfall Of VC-Funded Coliving Startups: Lessons From The Collapse by Sergii Starostin
In 2024, the bankruptcy of Common, a pioneer in the co-living sector, raised concerns about the sustainability of venture capital (VC)-backed startups. Common’s rapid expansion, high operational costs, and market misalignment contributed to its collapse. Similar failures were seen with Quarters and HubHaus. These cases highlight key lessons: the importance of financial planning, cautious scaling, and balancing growth with operational stability. While setbacks occur, the demand for co-living remains, emphasizing the need for a more sustainable business approach. Here are the most important talked about points in the article.
VC-Backed Co-Living Startup Failures: Common, Quarters, and HubHaus faced bankruptcy due to aggressive expansion, high operational costs, and market challenges.
Operational Challenges: Mismanagement, high interest rates, and regulatory complexities strained finances.
Misalignment with VC Expectations: Venture capital’s demand for rapid growth conflicted with real estate’s slower, conservative nature.
Future Outlook: Despite failures, co-living demand remains strong, growing 20% since 2020. A sustainable, cautious approach can lead to long-term success in the sector.
Read the full coverage here on Forbes.
Upcoming Coliving Events
Here is the list of upcoming events in the world of coliving:
UK Living Series: Student Accommodation Summit 2024 - 4th September
Senior Living & Care Market in Poland - 10th September
Netherlands Investment Outlook and IMPACT & ESG Briefing - 12th September
Student Living Spain 2024 - 12th September
Urban Living Festival 2024 - 18th September
ICEF Accommodation 2024 - 23rd September
Coliving Awards 2024 - 25th September
Coliving Conference 2024 - 25th and 26th September
Everything Else Coliving
In a recent conversation, Mayank Pokharna sat down with Martin Fleischer, a seasoned real estate expert, to discuss the evolving landscape of coliving and shared living. Below are some key takeaways from their discussion on how coliving is transforming the housing market and what it means for both entrepreneurs and residents. Read it here.
Watch how community at Casa Mia Coliving has evolved in last 5 years.
BTR - PBSA - Coliving are they all the same or becoming same? Read insights from Dan Smith on his linkedin post here.
Collective Hospitality will attempt to revive Selina. Singapore-based Collective Hospitality has confirmed its acquisition of the majority of Nasdaq delist Selina Hospitality to try to salvage the “digital nomad” brand and expand its experiential-driven lifestyle portfolio. Terms of the deal have not been disclosed.
Is co-living the answer to the UK’s housing crisis? Coliving is a relatively new rented housing concept that sits somewhere between purpose-built student accommodation (PBSA) and build-to-rent (BTR). Typically seen as student accommodation for young professionals, the model is evolving and, potentially, could meet the housing needs of a wider demographic.
Navigating Evolving Trends: How Flexible Living Concepts Are Shaping the Future of Urban Hospitality. Read here.
We hope you enjoyed this edition and wish you a great weekend ahead. Reply us with your thoughts on what more you want to read and if you have any feedback.
If you want us to cover anything, please mail it to us on coliving@artof.co
Gui Perdrix & Mayank Pokharna
The Artof.Co team
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