Office-sharing titanWeWork, which is an American company that provides shared workspaces and services for entrepreneurs, freelancers, startups, small businesses and large enterprises has founded a shared-living brand WeLive in the United States which have share spaces accommo- dations that range from studios to four-bedroom units that come fully furnished and decorated, in a building stocked with the kind of conveniences normally found at Silicon Valley tech campuses. In the same way that WeWork provides the infra- structure needed to do your job, WeLive takes care of the many hassles that come with finding and setting up your own home. WeLive is also connected, giving residents an app that keeps them informed about events happening in WeLive neighbourhoods. For those who opt in to this untraditional life- style, co-living operators like WeLive will provide one particularly alluring amenity: a community of like-minded people with the bonus of these co-liv- ing accommodations typically costing less than similar accommodations in the neighbourhood. Many look at this as not only a new vision, but as a solution for how people will soon live in expensive urban areas.
By Calli Gregg T he movement started with people moving from hotels to Airbnbs and now more and more people are looking for alternatives to traditional accommodations such as houses and apartments and turning to co-living spaces instead of these more traditional living accommo- dations and it make sense for a lot of reasons. It is kind of the off-campus college or university lifestyle but for adults looking to share a common space, but all have different lifestyles and needs. It works very similar to sharing office space, but for living arrangements not work-related ones. The idea of co-living has been around for a while, but it is attracting more and more attention from potential customers and investors looking to cap- italize on this new opportunity.
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SPOTLIGHT ON BUSINESS MAGAZINE • FEBRUARY 2019
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