This is a generation which grew up with technology, social media and the sharing economy. They are highly adaptable and much more willing to share facilities. For one, a pantry is a working area and a networking spot while a lobby can double up as a yoga space. T​hey are not fond of cookie-cutter, one-size-fits-all approaches.
Having their own apartment is not just about retiring to their personal space; instead it’s a social activity where they can hang out with like-minded friends.
And so it’s no surprise that co-living, defined as a modern, urban type of accommodation with shared living spaces, is beginning to gain traction. In fact, co-working specialist WeWork launched its co-living apartments WeLive in New York City last year.
The demand for co-living is similar to the reasons behind the popularity of co-working – a mobile generation of young people who demand flexibility, openness and collaboration. Millennials, defined as those born between 1980 and 2000, no longer draw distinctions between business and pleasure, work and play. They have no qualms about being digital nomads, travelling frequently or relocating for work. More than anything else, they seek out experiences and value being part of a community.

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