Dana S. Brody Dana S. Brody

Co-living is rising in popularity for both renters and investors. For investors, co-living offers 30% net rent premium compared to traditional apartments, according to research from JLL. With renters showing strong demand for the product, capital sources are also increasing allocations as well. In 2018, global fundraising for co-living increased 182%, and in 2019, funds have already raised $300 million.

“Co-living offers high-density and high-revenue potentials as traditional rents are seeing historic highs, potentially offering a win-win opportunity for both landlords and tenants,” Dana Brody, SVO at JLL, tells GlobeSt.com. “Net operating Income is also higher, making it very attractive to multi-family operators as they are able to generate a much higher rent per unit. Units that are being offering as a co-living opportunity can garner up to 40% more than a traditional rental, making it a very lucrative proposition for owners looking to increase their bottom line. Co-living renters get reduced rents and increased flexibility, while also providing a more communal living experience, which millennials seem to prefer.”

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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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