Prior to March 2020, co-living properties were rising in popularity, offering a 30% discount on gross housing costs on a per-lease basis. At the same time, operators generated 15% higher NOI than the industry average due to increased density. And as renters look for more affordable housing options, co-living will likely garner increased demand post-pandemic, according to a co-living report from Cushman & Wakefield. As a result, most industry experts believe the overall valuation impact has been less severe for co-living properties than for multifamily. Indeed, the sector was outpacing multifamily valuations pre-pandemic and seems poised to continue.

But that is speaking generally. When conducting such an analysis, It is important to distinguish between the different methods of valuing co-living arrangements versus traditional multifamily developments. Participants in CBRE’s weekly podcast tackled this subject recently.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.