Millennials are flocking to urban co-living spaces, according to a new report. It’s like living in dorms, but “more mature.”
In these co-living spaces, each resident has their own bedroom but shares everything else, such as a communal kitchen, living room, and bathroom areas. Companies behind the co-living spaces also provide options for weekly cleaning services and other hotel-like amenities.
“It’s like living in a dorm again, but more mature. It’s great,” video game designer and developer Chris McGlade told MarketWatch. McGlade is 24 years old and lives in an Ollie co-living space in New York City after graduating from college in Boston.
Ollie advertises to potential residents that friends are “included” in the space. A community manager arranges social mixers and brunches for a built-in community experience. Some residents report fellow residents are as close as family.
[Also read: Millennial homelessness is on the rise]
MarketWatch calls these co-living spaces “Instagram-worthy communities,” which raises the question: Will millennials ever grow up?
Alexander James is a contributor to Red Alert Politics and a freelance journalist.
