The market of coliving - Germany (2023)

1.1 Introduction

Coliving is a shared living concept that stand somewhere between traditional shared housing and student housing. Coliving spaces offer private rooms or studios as well as communal areas where residents can relax, work and spend leisurely time together. Coliving residences target specific groups such as students, young professionals or location-independent workers. Coliving spaces can also be adapted for older people, creating intergenerational communities.

Globally, the coliving market is experiencing significant growth, as it is expected to reach a value of $11 billion by 2026. Coliving is enjoying particular success in major cities, where real estate prices are reaching high records. Cities such as New York, London or Hong Kong are therefore the places where this concept attracts the most young customers.

In Germany, the coliving market is also growing, especially in university towns and metropolitan areas such as Berlin, Munich and Frankfurt. High rents, the increased mobility of young professionals and the search for shared living solutions have contributed to this growth.

Although the coliving market is still young, there are already some dominant companies in the German market, such as:

• Medici Living: one of the largest coliving companies in Europe, founded in 2012.
• Vonder: a London-based coliving company, founded in 2016, which is now expanding its operations to Germany.

Over the past five years, mobile applications have simplified the sign-up, payment and communication process between residents and space managers, enabling coliving companies to attract numerous customers. In addition, sustainability concepts and eco-construction are increasingly being considered in the design of coliving spaces. With the arrival of new players and technological and environmental innovations shaping the competitive landscape, the coliving market will offer new investment opportunities and prove to be a promising but challenging market.