Are co-living communities the future of NYC real estate?

Posted On Thu, January 26, 2017 By

Posted On Thu, January 26, 2017 By In From Our Partners, real estate trends

Photo: Bess Adler

In the 1960s, groups of hippies fled from cities to live on communes in the country. Now there’s a growing movement of communal living right here in New York City. “I feel the biggest challenge in our world today is we’re not speaking to each other,” said Ryan Fix, who started 25 communal living sites in New York City and a lab in France that studies co-living. “If we’re able to curate a group from all walks of life, this will be hugely transformative for the world.”

In the last couple of years in New York City, a system called “co-living” has taken off, with a number of companies converting office buildings and townhomes into communal living hubs where former strangers can live together, share meals, attend movie nights and do yoga side-by-side. Some real estate professionals are skeptical, while others say it’s too soon to know if co-living has a future, but it’s a model that seems to fulfill a human need an apartment listed on Craigslist could never.

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