When accessibility becomes an issue, people turn to innovation. Following this rule, we notice that there are several lifestyle options presented in New York. Both family apartments and micro-apartments are available here. Micro-apartments are now becoming quite popular in a city where experimentation with new lifestyles is taking place.

In addition to the architectural aspects, there is a variety of options for concluding leases. These innovations move forward for a simple reason: It’s hard to keep up with the high cost of living in New York City. In response to this, people are coming up with innovative ideas to provide housing for those who cannot afford the standard options. One of these concepts is coliving.

What is coliving?

This approach can also be described as shared living, cohabitation, shared apartments, or shared rooms. Under this concept, different people, often strangers to each other, live in the same space and share common amenities. In major cities, including New York, this is becoming more and more popular. This approach saves money without sacrificing quality of life.

In addition to the living room, bedrooms and kitchen, such premises may also contain swimming pools, work areas, relaxation areas, gyms and spa centers. There are separate buildings in New York that specialize exclusively in providing coliving services. In addition to additional amenities, you also do not have to regularly deal with household chores.

Those who prefer living in coliving are turning to governing bodies striving to provide a comfortable and convenient lifestyle for residents.

The Difference Between a Regular Shared Rental and Shared Living

Although co-living may seem like a neighborhood in the traditional sense at first glance, it has a more dynamic vibe. In co-living, apartments are rented out at regular intervals, which creates a constantly renewing and cozy environment.

In addition to these benefits, coliving spaces offer additional amenities not available in regular rental spaces, including Wi-Fi, cleaning and utilities. Co-living owners usually manage their facilities through a special application, where they also calculate payments and resolve tenant issues.

The main difference between co-living and ordinary rented premises is that they do not require long-term leases, which allows you to move in without unnecessary formalities.

This concept is especially attractive to young professionals located in large cities, where affordable housing is becoming an increasingly important issue.

Living together is a revolutionary idea

In New York, the population exceeds the capacity of the city. Those with vision have already devised ways to increase available space by redefining housing.

It was because of this situation that the revolutionary idea of living together arose. This concept allows people to share living spaces, making room for new residents, while reducing financial burdens through shared cost coverage. This is especially true for millennials, who already face the challenges of surviving in an urban environment.

The modern economy is shaped by business leaders who turn their ideas into reality. 

However, when the city is in a difficult position, survival becomes a challenge. In order to live and work here, on your dreams, you need a constant influx of finance. The concept of co-living represents an alternative solution for the effective management of this large financial burden.