Some believe Millennial renters don’t view their homes the way earlier generations did. They are willing to sacrifice space in their individual units as long as these options are available, and their apartment buildings also offer appealing co-working and co-living spaces ideally designed for socialization. “One of the driving forces behind an increased interest in co-living and using communal spaces is younger renters who move to a new city and are looking to meet people and connect,” he says. For many, co-living is a matter of necessity as much as it is a personal preference.”Communal feelAnother reason the trend continues growing is that many Millennial renters experience the communal feel of co-working spaces in their workplaces, Verschleiser says. “For young renters communal amenities like a fitness center or office space are also attractive because of the time-saving component,” Verschleiser says.

Source: Forbes August 20, 2018 13:03 UTC