Everything Coliving: New Expansion Plans, Resident Studies And A New Coliving PMS.
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Nomad Coliving Space Outsite Expands As Asset-Light Operator
Outsite, known for its remote work and digital nomad-friendly coliving spaces, already operates 50+ locations around the world. In this newest announcement, former Outsite investors team up to invest 300€ million into real estate property, which will be managed by the operator with a revenue share agreement. According to Outsite CEO Emmanuel Guisset, the company would earn between 10% and 25% of rental revenues, with an EBITDA above 30%. Read more (in French).
VervLife published a coliving report on internal resident statistics.
The coliving operator, managing among others The Collective Old Oak and Canary Wharf, explains coliving operations best practices and showcases some internal data - including reasons for colivers to join the space (note: it’s mostly convenience, not community) and space usage broken down by hours across the day. Have a read.
Common Expands To Canada With Special Partnership
When Brad Hargreaves founded Common, which became the US’ largest asset-light coliving operator, young professionals were just one of many audiences he had in mind: local workers, government workers, and social housing were on the roadmap for years. Now, Common announced a partnership with the Ottawa Community Housing, providing of affordable housing to the non-profit - making it the first foray into Canada for the U.S.-based coliving company. Read more.
New RE/MAX Europe Study Shines Light On Rental Behavior
The key takeaway: Europeans are broadly more open to forms of co-ownership due to rising affordability issues. As quoted in the article, nearly one in five Europeans (18.5%) have chosen to relocate due to financial constraints, with just over 30% expressing concerns about future moves, fearing they won’t find affordable housing within their budget. In the face of declining affordability, people are considering co-ownership. Around two-thirds (65%) would consider co-owning a property with a group of unrelated people, such as friends, colleagues, or even strangers. Moreover, the study found that over half of Europeans (56.1%) could imagine living in a coliving space - but only if there is a variety of facilities available, as Europeans want cost-effective access to a good range of amenities, such as a shared workspace or games room (25.3%). Read more here.
A New Coliving PMS Is Live
ColivHQ just launched their new property management software, including tenant and booking management, lead management, tenant portal, contract management, and many more functionalities. It also seems to offer integrations with Zapier to other tools. This tool seems a good and simple solution for growing coliving companies that have not used a proper PMS before. See ColivHQ.
Some More Coliving News
"Co-living: misunderstood or the next big thing?” - React News: Discusses the parallels between purpose-built student accommodation and co-living.
“UXCO develops its coliving offer in Switzerland.” - ECLA, the 1000+ beds coliving concept managed by UXCO, is opening its doors in Switzerland in 2025.
“Fifth State secures planning for Ilderton Road co-living scheme.” - Coliving provider Fifth State and Wittington Investments have secured planning approval from the Southwark Planning Committee.
“For 50 years I’ve let friends and strangers share my house.” - The beautifully rich story of a UK woman coliving for most of her life (The Guardian).
“The Rise And Rise Of The £750B Alternative Real Estate Sector.” - A summary of the latest trend report by ULI and PwC.
“Meridiana Meetup - MIPIM: "The vital role of land generation, BTR and Coliving" - Recap of the Meridiana MIPIM MeetUp in Barcelona.
“Our Industry Is Urgent to Look For New Housing Solutions.” - A great piece on new housing models around the world.
“Coliving Is Still Growing.” - How coliving in Spain raised 75€ million since the beginning of the year and quadrupled the offer in three years.
“Unlocking the Potential of Coliving Spaces with Tom Manwell.” - A podcast with a UK coliving and wellbeing architect on coliving design and history.
“Huge new village-style, mixed-use development in West Perth’s Pickle District gets the green light.” - A project including short-term, coliving, owner-occupied and build-to-rent.
“Rowley returns as housing minister.” - Rowley becomes the UK’s sixteenth housing minister since the Conservatives came into power in 2010 and the ninth since the 2019 general election.
“Covie, Ashray Developers team up for 400 additional co-living beds in BKC.” - Indian coliving startup Covie is adding 400 beds to its portfolio, promising a 6% plus rental yield.
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“UXCO develops its coliving offer in Switzerland.” - ECLA, the 1000+ beds coliving concept managed by UXCO, is opening its doors in Switzerland in 2025. Please note: Archamps is not in Switzerland. it's in France.