Catering to budget-constrained consumers, successful co-working start-up 'WeWork' has introduced an extension of the company called 'WeLive.' In adapting the same concepts as its co-working predecessor, WeLive provides affordable living arrangements to tenants while offering them an array of communal perks.
The first seven floors of the New York building are comprised of WeWork co-working office. As it stands, the beta project already has 80 members and is growing, with a total of 200 units available. Most units are bachelor apartments with one washroom and a kitchen. Each space comes fully furnished with cable, Internet and a monthly cleaning service.
The perks of the innovative co-living space include access to a yoga studio, movie theater, fitness classes, laundry services and a social network that allows all members to communicate through a mobile app.
Urban Co-Living Spaces
Startup 'WeWork' is Testing a New York Co-Living Building Called 'WeLive'
Trend Themes
1. Co-living Spaces - The trend of co-living spaces is disrupting traditional housing models by providing affordable living arrangements with communal perks.
2. Shared Work and Living Spaces - The concept of shared work and living spaces is gaining popularity as it offers convenience and flexibility for individuals and businesses.
3. Community-based Living - Community-based living arrangements are on the rise, providing residents with a sense of belonging and opportunities for social interaction.
Industry Implications
1. Real Estate - The real estate industry can explore the opportunity of developing co-living spaces to meet the demand for affordable and community-oriented housing.
2. Hospitality - The hospitality industry can leverage the concept of shared work and living spaces to offer unique accommodation experiences for travelers and digital nomads.
3. Technology - The technology industry can contribute by developing innovative platforms and apps to enhance the co-living experience, fostering stronger communities and communication among residents.