What is co-living
"Co-Living": Why this new living trend is becoming more and more popular
Student shared apartments have been around for a long time. In the meantime, however, commercial providers are also organizing shared apartments for adults. This is called "co-living". You can read here what it means, what it costs and for whom it is suitable.
- What is co-living?
- Why is co-living trendy?
- Who is co-living for?
- What does co-living cost?
- These co-living providers exist in Germany
The fact that students live together in shared apartments is nothing new. In the meantime, however, commercial providers also organize shared apartments for adults and call this "co-living". Read here what it is, why this living trend is spreading in Germany and what it costs.
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What is co-living?
Based on the co-working trend, in which professionals or start-ups share workspaces, co-living transfers this millennial attitude towards life and the trend towards the shared economy to the world of living.
Co stands for "collaborative". Co-living is usually a mixture of working and living communities. The new type of living is primarily aimed at the self-employed or start-up employees.
As in a classic shared apartment, people co-live under one roof and share some rooms, such as kitchens or living rooms. Unlike in shared apartments, the bathrooms are often used privately. With co-living, however, the rooms are already furnished and designed for the greatest possible comfort.
The rental price not only includes the costs for rooms and furniture, but also all ancillary costs such as internet or a cleaning service. Co-living therefore includes an all-inclusive package. Whether cleaning the common rooms, repair work, internet or TV - the provider takes care of almost everything.
This also includes the selection of roommates. In order to make living together pleasantly, various providers even use special selection processes to find roommates who are a good match because they have similar interests.
The co-living houses are often also equipped with fitness areas, gardens, pools, roof terraces, laundromats, yoga studios or libraries.
Why is co-living trendy?
In Germany, co-living is still in its infancy, but internationally, this trend is clearly on the advance. This is due to the tense housing situation in the big cities, changes in the labor market, greater mobility and the changed lifestyles and mindsets of Millennials and Generation Z, i.e. today's 20 to 30-year-olds.
There are more and more commuters and more and more people who are completely "digital nomads" (an estimated 1 billion by 2035) and who are at home all over the world.
In addition, the number of singles and people living alone is increasing. They long for community, not least because they are working from home more and more often. "Especially in big cities there is a return to structures that we know from the classic extended family," says trend researcher Tristan Horx from the Zukunftsinstitut.
Who is co-living for?
In general, co-living is suitable for everyone
- who are looking for living space quickly and easily in a central location in a big city,
- only want to live there for a limited time,
- are interested in exchange and community with others,
- Value comfort and style,
- have a budget that is not too low for living.
Co-living is primarily aimed at students and young workers. So to those people who mostly also use the classic flat share as a form of living.
The uncomplicated co-living also offers exchange students, interns or freelancers who work in different cities for specific periods of time the possibility of renting a room for a short time only. And that without having to go on the arduous search for a room in a shared apartment and endure countless castings in a shared apartment.
It is also a good way for commuters and digital nomads to find affordable living space quickly and flexibly.
In contrast to traditional flat shares, which are usually chosen for financial reasons, co-living is often a lifestyle decision. Because the co-living rooms are not cheap.
What does co-living cost?
Co-living no longer pays for space - but for an experience. You rent a community and get a complete package. That explains the comparatively high prices per square meter.
These are in high-quality furnished co-living houses between 20 and 50 euros per square meter. For a ten to 15 square meter room, you have to reckon with a monthly rent of 500 to 1,000 euros. This is possible because co-living houses are considered to be hotel-like flat shares and the rooms are furnished. Therefore, the rent restrictions do not apply to them.
When moving in, additional fees are sometimes incurred - for "membership", i.e. membership, drawing up the contract and handing over the cleaned room with fresh bed linen. These are between 100 and 200 euros.
These co-living providers exist in Germany
The providers rent apartments in existing properties and then rent them out. In addition, co-living providers are building new properties in which only co-living rooms and communal areas are housed.
- Quarters Holding GmbH (formerly Medici Living Group) is one of the largest providers of co-living. The company is active in 193 cities around the world, in Germany in Munich, Stuttgart, Hamburg, Frankfurt, Potsdam and Düsseldorf.
- There is also Homefully as a co-living provider. According to its website, the company looks after 950 tenants and 225 units in Berlin, Düsseldorf, Hamburg, Frankfurt, Munich, Stuttgart and Cologne.
- Other providers are Habyt, Happy Pigeons and Caasa, but they are currently only renting out in Berlin in Germany.
Our final tip: The trend towards micro-apartments is very similar to co-living. You can find more about this in the following article:
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