Coliving – Why Is It a Growing Trend for Startups?

Coliving - Why Is It a Growing Trend for Startups

Times change, and new trends emerge from adapting to the needs of the moment. Today’s startups are facing a time of economic uncertainty that can be life-changing, with inflation skyrocketing and consumer savings plummeting with each passing day.

One of the most talked-about trends is coliving. In a short period of time, it has made its way around the world and has become a consolidated concept. It is precisely in Spain where it is having a great reception, compared to other countries.

Still don’t know what coliving is and how it can help you with your startup? We recommend you take a look at this article to get answers to all your questions on this topic.

What is coliving?

Coliving is a concept that refers to living in a community. More specifically, it refers to a group of people sharing a space for certain needs.

We could be talking about sharing different structures: we could be talking about housing between roommates, and spaces to shape the ideas that will form the foundation of the startup or even entire communities.

Those who are already familiar with this concept may see similarities between coliving and coworking, but it should be made clear that they are not the same. In fact, coliving is an extension of coworking. While coworking focuses solely on a collaborative space for work, coliving extends to sharing a residence.

In other words, coliving offers a space not only to work together, but also to live together.

What does the coliving formula offer startups?

If you want to know more about the benefits of coliving for startups, we encourage you to keep on reading:

Saving money

As we have already mentioned, entrepreneurs are not doing very well due to the obstacles present in today’s economy.

Opening a new business involves carrying out a series of procedures that can result in very high expenses. The high spending may be having entrepreneurs think twice before going forward with an idea, or it may be what ends up ruining the project.

With coliving you can save a lot of money since you will be sharing a space with other professionals. This way, you can split the price of the rent, therefore lowering expenses.

Saving time

When you start a new project, you have to dedicate more time than you usually have available. Any distraction can be lethal for the future of it, especially if we are in the early stages.

Coliving can also save a lot of time. This is true if all members of the project share the same space (both for living and working).

This reduces the need to travel, and everyone can share the same services (e.g. Internet).

Unification of work and leisure in the same space

Work cannot be everything. It is also important that there are leisure and recreational activities (not only to rest, but they can also help to increase the team’s creativity).

It is possible to find many coliving houses that have spaces designed for these activities. In them, you can socialize with the rest of the members, relax for a while, train, play, and watch a movie.

It is also possible to find large coliving spaces with extended amenities, such as restaurants, spas, commercial premises, etc.

Improves social bonding

Sharing the same space and services saves not only time and money but also strengthens the social bond between the members of your project or even other projects. In this way, trust levels increase, and the chances that everything will turn out well will be higher.

It improves social contact, avoiding the isolation in which we could be immersed after working for long hours for our startup.

Living with other professionals

People who decide to live with the coliving formula have profiles related to new technologies. It is quite common that these profiles can fit into their projects; this way, we will not have to be looking for any professionals since we will have them in our own homes.

It can be a good way to boost projects and improve comfort with the rest of the team.

These are just some of the advantages that coliving offers for your startup, and also explain why it is a growing trend at the moment.