Buy the full study
Summary of our market study
The French coliving market, while still in its infancy compared to other countries, is growing rapidly and offers over 14,000 spaces.
The French real estate market, in its metropolitan areas, is under considerable pressure, with significant challenges in terms of access to housing. This situation is attributed to a steady rise in housing prices. At the same time, the rental market is growing at an average annual rate of 3-4%. Rent increases are more marked in the provinces, where they are approaching 8%.
Increased pressure on the market is reflected in intense competition for available rentals. In some French cities, such as Angers and Lyon, there are as many as 6 or 7 requests for every available unit. Paris, which traditionally dominated demand, has been supplanted by other cities in recent years.
Young people are anticipating mobility: over 50% of adults aged 18 to 34 plan to move within the next two years.
Given the limited supply and sustained demand, shared accommodation is emerging as a popular housing solution. Although the concept is still in its infancy, demand outstrips supply by a factor of ten.
The market is particularly strong in the Ile-de-France region, which accounts for around half of the country's co-living spaces.
53% of the target population (young adults aged 18-34, single and childless) were unfamiliar with the concept in 2020.
The coliving sector is attracting significant investment. It attracted 430 million euros in 2023.
Players in the French coliving market
- The Babe community is a beacon in the sector, going beyond the traditional concept of housing and promoting community spirit on a larger scale.
- La Casa and Les Colonies are emerging as colocation specialists.
- Station F (Flatmates) enters the fray, representing the intersection of coliving and the sharing economy.
- Traditional real estate players such as Bouygues Immobilier (Koumkwat) and Vinci Immobilier (Bikube) illustrate the sector's dynamism and elasticity by venturing into the coliving niche.
to understand this market
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
- Last update :
Summary and extracts
1 Market overview
1.1 Market definition and scope of the study
The coliving market in France refers to the economic activity related to coliving in France. It is a hybrid concept between furnished rentals and hotels. Coliving offers a new form of shared accommodation that is growing rapidly around the world. It offers rooms or studios in houses or residences, allowing people to enjoy both the independence of a private space and common spaces (kitchen, living room) to create social links. It is part of the broader trend of third places, spaces centered on the sharing economy and on the concept of community, just like coworking. The community dimension is thus a central component of this offer, as are the integrated services.
After a solid development of this market in recent years on the Asian and North American continents, coliving is now experiencing a craze in Europe: in 2019 there are more than 23,000 coliving spaces already built or under development. The main cities involved are often administrative or economic capitals, and we find in the ranking of cities according to their progress in the coliving sector several French cities: Paris is in 4th position, Lyon is 21st, Lille is 33rd and Marseille is 35th.
In France, coliving is on the cusp of strong growth, with over 3,000 spaces currently in the planning stages in many French cities. Nevertheless, it remains largely unknown to its main target group, young professionals, which is still a considerable obstacle to the market's expansion despite its real growth potential.
1.2 The growing European market
After a solid development of the coliving market in Asia and the American continent, coliving is now experiencing a craze in Europe.
According to the JLL Index, in ****, there were **,*** coliving spaces already built or under development.
The cities where this market is most developed are London and Amsterdam, which together ...
1.2 The national market: a growth reservoir yet to be activated
A French market ready to grow
By the end of ****, there will be more than *,*** coliving spaces available in France, up from *,*** in ****, with nearly *,*** additional beds currently being planned. This supply is still relatively concentrated, with the Ile de France region accounting for about half of the French coliving ...
1.3 Impact of the Covid-19 crisis
According to industry experts, the Covid-** crisis should have had a very positive impact on the market. Indeed, the rupture induced by the confinement and social news provoked a renewed interest for social link and community life. Young adults are increasingly attracted by the possibility of living together while maintaining their ...
1.4 Expert interviews
*. Benoît Jobert, The Babel Community
About the survey conducted in partnership with YouGov: what do you think of the data collected? Are you surprised by these results, especially by the proportion of young adults who have never heard of coliving?
I'm not surprised. Coliving is a relatively new term, and ...
2 Analysis of the demand
2.1 Strong demand for housing in a tight real estate market
The growing difficulty of accessing housing in French metropolises
The French real estate market is becoming increasingly tense, making it considerably more difficult to access housing, especially in the metropolitan areas. This difficulty in accessing housing is due in particular to a strong increase in housing prices: these reached an index ...
2.2 The need for social ties
The growing need for social ties in France is another central factor in the demand for coliving. Indeed, French demographics are marked by a growing phenomenon of household breakdown, with a significant number of people living alone. The following graph shows that the proportion of men and women living alone has ...
2.3 A significant and growing need for shared services
One of the main added values of coliving facilities are the shared services. The latter are the subject of a significant and growing interest from the population in France. Among the most requested shared services, there are gyms (***).
The most requested shared services France, ****, in
In addition, a significant proportion of ...
2.4 The main target of coliving: young adults and people in transition
Coliving, because it relies on social ties and a high degree of flexibility of supply, is mainly aimed at two targets: on the one hand, young active adults living alone, and on the other hand, people in a period of transition (***).
However, the main target remains the first category of population, ...
3 Market structure
3.1 Strong and dense external competition
There are many substitutes for coliving facilities, and these substitutes constitute de facto competition for the sector. The following table lists the competition to the coliving sector in * categories, direct competition and indirect competition (***).
The main competitor of coliving is the rental of a furnished apartment (***). On the other hand, traditional ...
3.2 The main forces at work
We can distinguish two main types of actors in the coliving sector: investors and operators. The latter manage the operation of coliving establishments. Sometimes, investors and operators are confused, for example the Axis real estate group which owns the brand The Babel Community.
The following table ranks the main players in ...
3.3 The main competing market: furnished apartment rentals
In spite of its structure of individual rooms in a common house, coliving does not face the competition of the colocation but of the rental of furnished apartments. Indeed, renting furnished apartments, like coliving, allows a certain comfort (***).
Competition from furnished rentals is currently very fierce: for the same budget and ...
3.4 The second competing market: shared apartments
According to LocService, a specialist in the rental market, sharing a room is the most economical way to live, making this housing solution a direct competitor for coliving. The following graph shows the average monthly rent for a shared room, including utilities, in ****. While the national average is ***€, there are strong ...
3.5 Interview with Maxime Sauvanet, founder of Les Pénates
Marine: Welcome to the Niche, the podcast that analyzes the niche market with the entrepreneurs who are moving the lines. I'm Marine and I work at Businesscoot, the startup that dusts off market research. Before we get started, subscribe to our podcast on Spotify and Apple Podcast. And now, let's get ...
4 Analysis of the offer
4.1 Social link and services: the focal points of the offer
In a housing market that has been very tight for several years, coliving has strong comparative advantages that are gradually emerging as a valid alternative. This is particularly true for services and the community dimension, which are the main advantages of coliving for young adults between ** and ** years old, the main ...
4.2 Typology of the accommodation offer
The coliving industry offers various accommodation solutions, from shared rooms to studios or even apartments with several rooms:
Shared room: shared rooms accommodate between * and * people, are fully furnished and often equipped with a bathroom. This type of offer is not very common, but it allows to propose a very competitive ...
4.3 Coliving prices
As previously mentioned, the main competition for coliving comes not from shared apartments but rather from furnished rentals. As such, coliving prices are also comparable to those of furnished rentals. While prices vary widely from city to city or according to the level of services offered, it is estimated that the ...
5 Regulation
5.1 A still limited and restrictive legislative framework
Because of its hybrid status between colocation, furnished rental and services inherited from the hotel industry, coliving is still subject to a vague regulatory framework. Indeed, the concept does not correspond to the framework of the hotel industry, nor to the framework of the residential sector. This vagueness creates uncertainty on ...
6 Positioning of the actors
6.1 Segmentation of the players present on the French coliving market
- Axis - The Babel Community
- Bouygues Immobilier
- Vinci Immobilier
- UKIO
- Kley groupe
- Colonies
- La Casa Coliving
- Cardinal Groupe
- Woodeum (Altarea)
- La Roche Cotard Coliving
- Hife Coliving
- Coliving.com
- Château Coliving
- Dovevivo
- Uxco Group
- Ecla (Uxco Group)
- Habyt Common
- Sharies Coliving
- Tendoors Coliving
- The Boost Society
- Harvey Coliving
- Cowool
- Appart’City
List of charts presented in this market study
- How long do you think it will take to move?
- House Price Index
- Number of first-time buyers in the housing market
- Number of applications for housing supply by city
- Share of the population living alone, by age category
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Latest news
Vinci Immobilier, the first major property developer to launch a redundancy plan - 17/01/2024
- Vinci Immobilier has set up a job protection plan and begun a voluntary redundancy scheme.
- The French Federation of Property Developers (FPI) expects sales to be down by half in 2023 compared with 2022.
- Housing starts were down 19.6% year-on-year at the end of November, with 294,700 units built.
- In 2023, the number of business failures increased, with 122 developers going out of business, compared with 96 in 2022.
- For homebuilders, 867 insolvencies were recorded in 2023, after 624 in 2022 and 579 in 2021.
Appart'hôtels: France's number one Appart City gets back on track - 26/03/2023
- -Sales in 2022 for this subsidiary of the Montpellier-based Uxco group, at €182 million, are virtually equivalent to those for 2019, with an ambition for 20% growth this year
- - Ebitda: 12.5 million
- - Occupancy rate: 70% in 2021, 72% in 2019
- - Investments of 26 million euros by 2023
- - Ten openings per year from 2026 - Business: 50% - Leisure: 50%
Real estate: coliving continues its rapid expansion | Les Echos reports that coliving real estate continues its rapid expansion. - 07/08/2022
- 8,300 homes in France by the end of 2021, in over thirty cities, 24,000 units by 2025
- 8 billion euros of investment expected
- 66 players in this expanding market
- Korian, France's 5th-largest social housing group, announced in early July that it would be expanding its range of shared apartments for seniors, consisting of buildings of 150 to 170 units, each with its own kitchen and bathroom facilities
- The company, which already has around twenty student residences in France with between 150 and 600 beds, and another ten under construction, plans to open its first two residences for young professionals next year, in Gentilly and Toulouse
"Real estate: Lyon-based Cardinal joins forces with Belgian Eagleston" - 10/06/2022
- Cardinal sales in 2021: 180 million euros, 50% of which in the Paris region
- Eaglestone achieves sales of 700 million euros following the transaction
- Value of Eaglestone real estate projects: 1.5 billion euros
- The subsidiary, Cardinal Campus, specializes in student residences, co-living (40 student residences under management) and co-working
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
Pack 5 études (-15%) France
- 5 études au prix de 75,6€HT par étude à choisir parmi nos 800 titres sur le catalogue France pendant 12 mois
- Conservez -15% sur les études supplémentaires achetées
- Choisissez le remboursement des crédits non consommés au terme des 12 mois (durée du pack)
Consultez les conditions du pack et de remboursement des crédits non consommés.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
