Co-living is community
Co-living is synonymous with community and social interaction, and if there is one thing we have all learnt in the past year it’s how detrimental social isolation can be to people’s mental health. The pandemic has forced us all to re-think how we live and work, and the enforcement of social distancing has ultimately increased our desire for personal connections.
Throughout the pandemic, the demand for co-living has endured and Cushman & Wakefield forecasts the co-living market in Europe and America over the next 10 years to be worth $550 billion.
By the very nature of them being ‘co’ i.e. communal living spaces, co-living environments have provided natural support systems for their tenants throughout the pandemic, a time when so many of us have craved social interactions. Far from being just a simple product, co-living offers tenants an experience, a lifestyle and a sense of belonging. After a long period of social isolation this sense of community has become even more powerful, particularly for younger generations.
Sustainable co-living practices
Aside from fostering simple social interactions, co-living environments help to disseminate shared values and can encourage, for example, more sustainable practices. The convergence of different cultures, values and experiences in a co-living space can in turn lead to shared pro-environmental practices, such as cooking together or cycling to work; or communal activities such as gardening, book clubs or other social events.
Beyond the pandemic, the best co-living operators will build on this desire amongst younger generations for shared experiences, and flexible living and working spaces. Flexibility is a key buzzword in the post-pandemic world, and with more of us working remotely than ever before, there will be a greater need to create social support systems at home. With less opportunity for social interaction at work we could see more people looking to shared living spaces to build these support networks. Having a community ‘safety-net’ that you can turn to will become more important than ever before.
Safety of Lokoom tenants
It goes without saying that when it comes to creating shared communal spaces the safety of our tenants is always front of mind. Co-living spaces should always have health and safety at the top of the priority list, and this is something that Lokoom works incredibly hard to ensure for its tenants. Exemplary customer service and communication with our tenants, limits on the number of visitors and tenants in a shared space, sensible hygiene precautions and spacious common areas are non-negotiable for Lokoom. We want to give our tenants at the upmost confidence in the co-living experience.