What Co-Living`s Appeal To Millennial And Gen Z Renters Means For Investors

I wrote in October 2017 that co-living was here to stay, and that hasn’t changed over the past two years. With the bulk of Generation Z now out of college and joining a significant percentage of the expected 76 million millennials who have chosen to settle in America’s urban core, their approach to live, work, play is shifting the housing landscape in major cities across the U.S.

Three things in particular are driving the demand for co-living:

1. All U.S. gateway markets — i.e., major international cities that serve as an entry point into a country — are experiencing an affordable housing crisis...

2. The 2018 Cigna Loneliness Index reported that millennials and Gen Z survey respondents experienced loneliness more often than any of the other generations surveyed...

3. Young people often have a desire for disposable income and experiential lifestyles....

   ...more

RSK: CO living isn`t for everyone but it does give you flexibility and lower rental costs. Investors seem to be attracted to this concept.



- - Volume: 7 - WEEK: 48 Date: 11/26/2019 8:22:04 AM -