Many of us have already lived, or are currently living in, some sort of shared community housing. Whether it be from a college experience of living in a dormitory or a retirement community filled with other senior citizens, the loosely defined, yet increasingly popular concept of co-living has taken on many forms in society. The co-living market giants, including WeLive, Common, and Ollie, center themselves around participating in a shared economy, offering a financially sensible housing solution, and fostering meaningful social connections. As we continue to battle the COVID-19 pandemic and adapt to the enforcement of social distancing and stay-at-home mandates, co-living tenants have felt compelled to navigate the loopholes in the designs of their communities in order to discover new ways of living with others, while also mitigating health risks. In fact, co-living communities may be better positioned to handle a pandemic while balancing a sense of normalcy more so than traditional residential real estate offerings.
