Co-living as an emerging market : an assessment of co-living's long-term resiliency
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
| Main Authors: | , |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2020
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| Online Access: | https://hdl.handle.net/1721.1/123605 |
| _version_ | 1826203716393369600 |
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| author | Pepper, Sam(Sam H.) Manji, Aaron. |
| author2 | Jennifer Cookke. |
| author_facet | Jennifer Cookke. Pepper, Sam(Sam H.) Manji, Aaron. |
| author_sort | Pepper, Sam(Sam H.) |
| collection | MIT |
| description | This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. |
| first_indexed | 2024-09-23T12:42:14Z |
| format | Thesis |
| id | mit-1721.1/123605 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T12:42:14Z |
| publishDate | 2020 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1236052020-03-24T03:52:21Z Co-living as an emerging market : an assessment of co-living's long-term resiliency Assessment of co-living's long-term resiliency Pepper, Sam(Sam H.) Manji, Aaron. Jennifer Cookke. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development Center for Real Estate. Program in Real Estate Development. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2019 Cataloged from PDF version of thesis. Includes bibliographical references (pages 169-177). Co-living, while a relatively new concept for the real estate industry, has become increasingly pervasive within the United States over the past decade. This form of communal rental housing offers reduced personal and private space in exchange for certain benefits, including a 15-30% reduced rental rate when compared to studio units. Changing social and economic factors have led to an increased interest in this type of residential product among both real estate developers and tenants alike. Today, there are approximately 30 co-living companies operating in the United States with close to 3,500 rooms in operation (JLL 2019a). Furthermore, this growth is expected to accelerate as global funding for co-living has increased by more than 210% since 2015 and around 7,000 rooms are planned to open in the United States over the next two years (JLL 2019a). However, while the concept has gained traction, it remains a nascent product type within real estate. Even with high growth, co-living's long-term sustainability remains to be proven. This thesis uses a mixed-methods approach to evaluate the long-term resiliency of co-living as a product type. Our research provides insight into the various types of co-living business models currently active in the United States, and we conduct a thorough review of the international and domestic co-living markets. Financial models are utilized to assess the financial resiliency of co-living given potential changes to certain market conditions and demand drivers. We investigate the planning policies affecting co-living in targeted markets in the United States. The thesis concludes with a report on the market perception of co-living from real estate professionals and the general populous. by Sam Pepper and Aaron Manji. S.M. in Real Estate Development S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate 2020-01-23T16:59:36Z 2020-01-23T16:59:36Z 2019 2019 Thesis https://hdl.handle.net/1721.1/123605 1135867129 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 177 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Pepper, Sam(Sam H.) Manji, Aaron. Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title | Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title_full | Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title_fullStr | Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title_full_unstemmed | Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title_short | Co-living as an emerging market : an assessment of co-living's long-term resiliency |
| title_sort | co living as an emerging market an assessment of co living s long term resiliency |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | https://hdl.handle.net/1721.1/123605 |
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