Happy weekend everybody! The last days were packed with coliving activities. On my side, I flew into Las Palmas to attend and give a speech at the Coliving Hub Conference. I'm now back in mainland Europe and will tackle the outline of my coliving world tour. At the same time, Common announced its own coliving summit and The Collective changed its brand. Let's see what else is going on!
VENN’S AND WEWORK’S GLOBAL IMPACT REPORT (see here)
How does coliving and coworking affect the city? Both the coliving company Venn (view report) and coworking company WeWork (view report) have created reports of their impacts in terms of neighborhood activity, businesses creation, and community building. Key facts about Venn: they report a 33% drop in loneliness 6 months after joining the coliving space, and the company invested around $200k into organizing up to 600 local cultural events.
SOLVING THE NYC HOUSING IMBALANCE (read more)
New York launched with ShareNYC a pilot program designed to bring a new and much-needed apartment type to the city's affordable stock. Currently, 2/3 of New Yorkers live in households of one or two people but only 45 percent of the apartments are studios and one-bedrooms. Solving that gap is one of the objectives of the Housing New York 2.0 project. If successful, more cities will start looking at and promoting shared housing models.
DUBLIN COLIVING PROJECT CRITICISED (read more)
A 200 unit coliving project in South Dublin, led by Bartra Capital Property, has been criticized for being a "hugely expensive rental trap". It received a lot of critics, including from the Sun, and has been compared with “battery cage living” - paying “1300€ per month for 178 square feet (17 m2) to not have access to a balcony or parking slots". This case shows that coliving developers need to find the right balance between optimizing rental space and giving value to its residents, if not feedback might take a sour turn.
COSTS OF HOUSING DOWNGRADES QUALITY OF LIFE (read more)
The rising cost of housing continues to be the single biggest factor undermining residents' satisfaction with life in Los Angeles County. The yearly survey, led by UCLA, reports that "in Los Angeles County, the one thing that everyone seems to agree on is that we are paying too much money just to have a place to live". Another important statistics: 25% of all respondents said they or someone they know have worried about becoming homeless in the last few years. Have a look at this year's and past years' surveys here.
RAISING DEMAND FOR FAMILY AND ELDERLY COLIVING
More and more is happening on the multigenerational front. In Taiwan, coliving startup 9floor created a coliving space for mixed gender and ages, sharing 9 rooms in a social housing building (watch video). Proposed as a creative solution to Taiwan’s aging population and housing shortage, my favorite quote came from a younger tenant: “elderly people care about us, while people my age might be sharing the same unhealthy lifestyle.” Other new initiatives include Oosterwold, a 100-meter long cohousing project for families (yet labeled as a coliving project) on a former potato land, and Oak Hill, a coliving space for seniors launched by a lovely lady herself. Lastly, elderly coliving in on the rise in Australia, and Kin by Common started applying coliving to families.
UP(st)ART (check it out)
Imagine you're an artist moving to Los Angeles to pursue your dreams, and all you need is... community, plus housing, plus a recording studio, plus award-winning competitions, and all of this on a budget? The UP(st)ART Creative allows exactly that. Dedicated for artists only, the coliving space (now hosting 300+ artists) allows anyone to move into a new city with $1000 in their pocket. And cherry on the cake: they even have their own contest and talent show.
The Collective... the Dubai version (check it out)
This is more of an ironic one. We know that Dubai loves copying stuff - like the recreating de Louvre Museum - and now they copied The Collective concept. Not only that, their coliving space is called... Collective (without "the"). Fun stuff.
“Our customers live in our store.”
- Jeremiah Adler, Co-Founder of UP(st)ART
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