Will Co-Living Follow the Success of Coworking?

You’ve heard about coworking’s enormous success in a multitude of U.S. markets. But will co-living follow in its footsteps? The answer is hazy—while some U.S. markets might not see this trend take off in the near future, in other markets, early adoption is more likely. Co-living is certainly gaining traction in Europe. In December 2018, Medici Living, a co-living company based in Berlin, raised $1.1 billion U.S. dollars to build a portfolio of as many as 35 co-living properties across Europe. It’s speculated that Medici Living is looking to raise as much—if not more—in the U.S. throughout 2019, and has already raised $300 million so far.

So, what exactly is co-living, and what are the benefits and challenges attached to this unique property type? We’ll dive deeper into these questions, as well as look at the potential of two U.S. markets where co-living may take off.