JLL’s new European Coliving Index shows that institutional investment and a rising demand for flexible, alternative living space amongst growing populations is boosting the co-living sector, with over 23,150 co-living beds either built or currently in development across Europe.
It describes co-living assets where tenants lease personal areas and share communal spaces and amenities as offering a flexible and modern solution for the changing lifestyles of today’s urban populations.
Around 53% of current operating assets have more than 100 beds, and the average size development is expected to increase to over 250 beds once those in the pipeline are completed.
Most are concentrated in the continent’s capitals, topped by London which holds over 20% of the current European market, Amsterdam, Paris, Berlin, Dublin and Vienna, but further potential for growth is widespread. Manchester, Glasgow and Birmingham also festure in the top 20 co-living cities in Europe.