Common
Coliving tenants rent furnished rooms in shared, amenity-filled apartments, often at lower prices.
Coliving firms took a hit during COVID-19 as people were wary of sharing quarters with strangers.
But it s back: Startup Common is adding 1,100 units, about 20% of its current size, in Los Angeles.
Coliving seemed doomed during the pandemic.
The real-estate model, short for community living, allows renters to lease nicely furnished rooms in apartments with communal kitchens and decorated common areas in exchange for lower monthly costs and services like regular cleaning.
But sharing space with strangers, once a draw for those looking for built-in friends and no-hassle moves, became a liability in a time of stay-at-home orders and social distancing.