Happy Monday everyone 💥 After a week in Paris, where I met up with the folks from ColivMe and did a brainstorming session on coliving models, I'm heading now to the UK to organize next week's coliving meetup. For that reason, I decided to add a new section to the newsletter: coliving events. If you are running one, please share it with me and I'll pass it on.
And now, into the news...
NEW REPORT BY CUSHMAN & WAKERFIELD
The firm sees coliving reaching a tipping point where the coliving may begin to attract deep-pocketed institutional investors. The report explores further trends such as household formation and rent burdenship, affordability challenges and rent growth by city, rent vacancy and rent growth across the US. Moreover, it offers an in-depth competitive analysis of coliving actors and explains the rise of coliving as a niche asset class.
MAPPING THE NYC MARKET
StackSource held a presentation on coliving at the Newark CRE summit. In the talk, they analyze the financial benefits of coliving, where the industry is positioned, and how the coliving market looks like in 2019 in NYC. Read the quick and interesting report if you don’t want to watch the half-an-hour talk.
SOME EXPANSION OVER THE LAST MONTH
In a nutshell: Common reveals its second development plan "Common Marcy". Viva House opens two locations: Maida and Tooting Bec in June. Quarters expands to Poland. Flock launches a 102-room project in India. And the Collective proposed a new concept in Chicago.
AN OVERVIEW OF THE FINANCIAL SIDE OF COLIVING
If you’re not up to date with numbers and coliving development, this article is for you. The Real Deal explores coliving feasibility and challenges such as development lead time, social housing requirements, and the lack of real estate investor enthusiasm.
A FUN PODCAST ON COLIVING EXPERIENCES
Facing the new coliving development in Dublin, reporter Aideen Finnegan asked people in the streets about their weirdest flat-sharing experiences. My favorites: “My roommate had a love for snakes, so she would collect them and leave them in the kitchen.” and “We led the dog sleep in the oven so he would clean it overnight.” The podcast also includes an interview with a (happy) Node resident and a summary of the protests against the Dún Laoghaire coliving development.
HOW TO TRAIN COMMUNITY MANAGERS? 🤔
Coliving and coworking spaces have one big problem: they can't find qualified community managers. The problem doesn't lie in recruitment only: spaces don't invest in training, and no training has ever been created. As the topic of community is increasingly catching my interest, I'm offering a blueprint on what a community manager training could look like. You can get involved, too.
A POP-UP HOTEL 🏨
When a new built-to-rent building opens, many apartments remain empty. WhyHotel is filling that gap by renting out flats until a long-term leaser is found. Similar to Projekt Interim which I mentioned three weeks ago, WhyHotel is also looking into longer-term stays - potentially entering the multifamily coliving market.
CROWDFUNDED COLIVING CONCEPT 💸
Vine 21, a 15-person coliving space in Bucharest, realised the need for a larger community. The startup is now crowdfunding its coworking and event space (and coffee shop) on Indiegogo instead of going through angel funding. Oh, and they got a beautiful Facebook video, too.
MIPIM Proptech Europe
July 1st/2nd, Paris (get tickets here)
Co-Liv Meetup Paris
June 5th, Paris (reply to attend)
Coliving Hub Call: Social Value in Coliving
June 6th, Online Webinar (register here)
New Housing Solutions
June 6th, NYC (reach out here)
Coliving Capital Markets Summit
June 7th, NYC (apply here)
Coliving Industry Meetup
June 11th, London (reply to attend)
“People talk a lot about announcements, but we are the only guys that have sites in Europe and sites in the U.S.”
- Gunther Schmidt, CEO of Medici Living
Enjoyed those news? Would love if you could send it to ONE person that would enjoy it as well. Thanks for your support!
The Coliving Cocktail newsletter fills you twice a month with the latest updates from the coliving industry, major content pieces, upcoming industry events, and personal insights from our founder on how to improve your user experience.