The contemporary popular trend of Coworking spaces has eventually resulted in or paved the way to a somewhat similar trend of co-living which has already become very popular among the young people in the cities. The co-living is somewhat similar or equivalent to Coworking because people choose Coworking spaces in order to share working spaces and collaborate with each other through a community and network; similarly, in co-living people share spaces to live with a sense of community living and collaboration. On the other hand, there are distinct differences between the Coworking and co-living especially when it comes to basic characteristics of living and working, and the primary difference in the outcome. However, established coworking spaces such as WeWork, The Hive etc. are seriously trying to combine the two concepts and incorporate co-living with Coworking in order to achieve a greater, progressive and productive outcome.
In fact, the co-living is popularly considered as a new answer to the age-old problem of availing a suitable and affordable living especially for the young group of people in the cities. The idea of co-living is also appreciated by the people who intend to work and grow professionally and personally outside their office. At the same time, though co-living sometimes may look like a strange and foreign concept, but it has the same characteristics of community collaboration just like the Coworking.
Eventually, co-living incorporates the idea of Coworking. The co-living is the idea of living together with many people in a shared space which ultimately encourages the co-living people to interact with each other as well as work together. This new trend of co-living emerged out of growing companies whose new employees mostly young people came to expensive cities in search of employment. The idea of co-living evolved around the concept of living together with shared interests, values and interests as living in a big family. The residents of co-living spaces normally have their own bedrooms and bathrooms, but they share common spaces such as living spaces, kitchen etc. The expenses are normally shared among the residents which makes it more economical and affordable for the individual resident.
The price of co-living usually depends and varies from city to city but ultimately it is always cheaper than the traditional way of house rent. This concept of co-living may be compared with dormitory, hostel or hippie community, but co-living has emerged with the young and working professionals and basic feature of co-living is professional and personal growth through community collaboration.