Co-living: A new sector, or a new way of doing old things?

When you ask real estate professionals what “co-living” is, and how it works, answers vary substantially. In my view, at its most basic level, co-living is simply formalized room-mating. If you are from out of town and heading to New York City, cannot afford to live alone, and do not have any roommate prospects, pursuing a co-living option may be perfect for you. Instead of veering towards Craigslist, typing “co-living” into an Internet browser will yield a plethora of co-living operators that offer an affordable, convenient apartment with one or more roommates to make living in the Big Apple as cost-effective and convenient as possible.

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