Co-Living and Co-Working Catch on in Urban Areas, Business and Industry Trends Analysis

Living Space Sharing:  In major U.S. cities such as New York and San Francisco, apartment rents are so high that developers are testing “co-living” spaces where tiny apartments share kitchens, lounges and communal atmospheres.  It is basically a dorm room for adults.  WeWork Cos., which specializes in shared office space, launched its WeLive co-living project (www.welive.com ) in lower Manhattan and Washington D.C. in 2016.  WeLive’s furnished spaces are available from month to month with no long-term lease required.  At its New York location, shared beds start at $1,375 per month and private units start at $2,550.  Linens, towels, kitchen…

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