Recently, I attended an event about Co-living Development organised by Coliving Hub where we discussed various topics related to the expansion and development of this segment of the market in particular after the pandemic’s effects.
A lot of these debates are applicable to a larger selection of workplaces, accommodation and homes which are gaining popularity in today’s market. Student accommodation, co-working or serviced accommodation, as well as similar plans. In my opinion, it’s crucial to be aware of the most important points that were discussed at the conference that could develop into a real trend in the field. Some of the points that certainly attracted my attention were:
Find a common future for everyone
Technology and Co-living
Building Intentional Communities
Design and Construction in Co-Living Spaces
In addition, there were many more. If you like these, tell us and we’ll be sure to write more.
1. Create a shared future for everyone
The talk was about the ever-changing needs of people living in co-living environments and, specifically, for various options that differ from the private space to the shared one, and also with different possibilities in between.
The initial study focused on a possible senior-friendly community, we have already discussed the importance of this concept in prior instances. In the introduction, it wasn’t solely about co-living space. It was also important to consider reporting on the students’ opinions that expressed their preference for the most appropriate roommates and communities in every situation. It’s also a potential improvement idea that was discussed at The Class Conference a few months back.
The main focus is providing a diverse experience and allowing you to build a stronger community as well as collaborations and connections among people by creating areas that are more private.
Visit Nelson & Long when searching for co-living interior designers.
2. Technology and Co-Living
This topic was examined in two different ways from a point of perspective. Technology’s impact on co-living as well as the impact that Covid was able to have on the development of technology.
Today, technology is an existing “trend” and not only in the real estate industry but in all aspects of our lives. The panelists did highlight some new and innovative technologies that are worth a look and some that are being used in specific countries around the world.
The first can be described as the intelligent locking system that eliminates the requirement for keys or cards and replaces them with the phone app. This type of system is quite common in places such as China and is likely to be a success in other countries as well. It not only streamlines check-in process, it also helps reduce the risk of having a dangerous contact at this time.
Other technological aspects, such as those that limit the number of contacts are actually viewed as tools that could be used to promote the development of communities, which is the fundamental element of co-living. In comparison the “old” technology co-living communities are now becoming wireless with the help of different tools. AI, Quantum Computing, Blockchain and more. Each of them can be integrated into a single or extremely concentrated ecosystem which covers Data management for marketing, and improvement of service as well as energy saving accounts and the management of parcels, conversations, interactions with staff and residents, clean access management, cleaning food and beverages and workplaces. All of this is becoming more important as the company grows, and to reduce operational costs.
3. Building Intentional Communities
In this more lengthy panel, the discussion focused specifically into community building and the requirements for Co-livings in this context to be successful.
The first, and most interesting trend that could become more crucial in the near future is the growth of co-living community of people. It usually boils down to personal and professional interests. While it’s an unwise decision, since it can alienate a significant portion of prospective residents However it’s a smart option to build a more tight community that is united through shared interests and collaborative efforts and, in turn, be the one that is more likely to stay the same after something new and exciting is brought out.
Inviting others with similar or similar preferences and experiences is a great motivational factor for bonding with long-term residents, and to aid newcomers in to feel as a part of the community or simply making friends with the new city.
Although human connections eventually form independently as they do, the property owners and developers’ task is to provide a location and support services to aid in this as they can.
It is the first thing to develop an understanding of the brand’s values and the communication that the community needs to be constructed. Once these are established management and the business must themselves be a part of these values. This is the only way that the people who enter the premises are motivated to share their experiences and are truly part of a group with values that they can connect to. This certainly could be easily reflected on the growth of co-working spaces as well as PBSAs. It is in direct relation to the design and layout of these areas.
A fascinating fact that was that was reported by the panellists is that during the time of the pandemic, residents’ feelings of responsibility for the communal spaces actually increased. Thus, shared spaces became more of their own without the need for an administrator or the community leader.
In all this, particularly during the application process, there is a lot of focus given to mental health issues that are affecting the community, as well as other social issues like race or gender-related issues.
4. Design and Construction in Co-Living Spaces
Regarding design As we have discussed previously, Biophilic Design is gaining importance , and the recent pandemic has only strengthened this need. In addition architects were required to reconsider the balance between the communal and private spaces as well as provide an affordable living space.
Both of these topics were profoundly affected by the effects of the pandemic. The reason for this is that people worldwide who work remotely required longer indoors and the second reason was that social distancing was a top priority. The changes will be a part of the future because they will improve the overall experience as well as provide an immediate solution in case similar circumstances arise.
Another theme that was discussed during the panel was the importance of local culture, and as we have highlighted for other industries such as PBSA and hospitality and hospitality, bringing the local culture inside. While not ignoring the bigger picture of our globalised globe, Co-Livings as well as their community should be integrated into their local communities. With a decrease in mobility between 2030 and 2021 this issue has also taken on greater importance.
It was a highly interesting event, offering numerous ideas and points of view about how the industry can change and what designers or developers, as well as the property management industry do in order to be successful create something new and productive to the current market, as we shift towards a new normal.