Co-living is rapidly gaining popularity as more renters seek affordability, convenience, and a sense of community. As housing costs rise and remote work changes living habits, shared living arrangements are becoming an attractive alternative to traditional rentals. Understanding what renters look for in co-living spaces can help landlords and developers meet demand and maximise returns. 

What is co-living and why is it growing? 

Co-living spaces offer private rooms within shared homes, with tenants benefiting from communal spaces, shared amenities, and inclusive rent packages. These setups are particularly popular among young professionals, digital nomads, and city dwellers looking for cost-effective and flexible living options. 

• The demand for co-living is increasing due to: 

• Rising rental costs, making shared spaces more affordable. 

• Urbanisation, with renters preferring city-centre locations. 

The desire for community, especially among remote workers and newcomers to an area. 

What renters look for in co-living spaces 

With more people choosing shared living, certain features are becoming essential in co-living properties: 

Private and well-designed rooms – While renters share common areas, they still want a comfortable, self-contained space. Well-furnished rooms with storage, modern décor, and en-suite options are highly desirable. 

Inclusive bills and flexible contracts – Many renters prefer a hassle-free rental experience, with all utilities, Wi-Fi, and maintenance included in one monthly payment. 

High-speed internet and workspace areas – With more people working remotely, access to strong Wi-Fi and co-working spaces within co-living buildings is a major attraction. 

Social spaces and community engagement – Shared lounges, kitchens, gyms, and event spaces create a community feel, reducing the isolation often associated with city living. 

Prime locations with easy transport links – Proximity to city centres, business hubs, and public transport is a top priority, making co-living properties in well-connected areas highly sought after. 

The benefits of co-living for landlords and investors 

Co-living properties offer higher rental yields, as multiple tenants share costs, reducing the risk of void periods. Well-managed properties with modern communal areas attract long-term renters, ensuring stable income for landlords. 

Additionally, many co-living setups require fewer individual tenancy agreements, simplifying property management and maintenance. 

Is co-living the future of renting? 

With shifting renter preferences, co-living is expected to expand in major cities and growing urban areas. As affordability and flexibility remain key concerns, demand for well-designed, community-driven shared spaces will continue to rise. 

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