Dana S. Brody Dana S. Brody

The co-living market is rapidly expanding. Of the available investment-grade co-living supply in the US, 55.1% was delivered in 2018 alone, according to research from JLL. By 2021, the co-living supply is expected to increase another 84%. Millennials are driving the demand for alternative living options, as well as young professionals that take short-term assignments in new markets. Capital markets has responding, $300 million into the co-living space year-to-date.

“Co-living allows for a community-centric life style that is highly appealing to a younger demographic,” Dana Brody, SVP at JLL, tells GlobeSt.com. “A co-living situation can be much more convenient than renting a conventional apartment with a 1 year minimum lease as they are much easier to rent and move-into, as well as move out as needed. Additionally, some co-living operators offer activities such as yoga, hiking, food and music events to their tenants creating a community feel as well as added benefits, more similar to a hotel experience than a traditional apartment building.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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