The Blurred Lines Between Co-Living and Student Housing
Digested from National Real Estate Investor
In some markets it's not uncommon for young professionals to live in student housing.
In expensive, urban areas, co-living, where residents share common areas, has taken off.
As National Real Investor’s Bendix Anderson notes, the living arrangement is fairly similar to student housing.
“It shouldn’t be surprising that some of the largest co-living developments are filling up with students, especially with graduate students, who have a lot in common with the young professionals who tend to live in co-living properties,” Anderson writes.
And, in some cases, student housing developments are welcoming young professionals. J.J. Smith, President CA Student Living, tells Anderson that several of “its communities are attractive to a broader demographic than just university students.” For instance, The LINK in Minneapolis has a mix of 50 percent students and 50 percent young professionals and empty nesters.
While Smith says mixing students with non-students has been going on for years, there are challenges. Most notable are probably the noise complaints.
But there are solutions.
“We have found success in segregating students from working professionals by way of separate floors, separate ends of the hallways, different lobbies, elevators and, at times, different amenities,” Smith tells Anderson.