Co Living Spaces Market
Co-Living Spaces Market Forecasts to 2032 – Global Analysis By Type (Managed Co-Living Spaces, Unmanaged/Community-Based Co-Living Spaces, Luxury Co-Living Spaces and Budget Co-Living Spaces), Layout, Age Group, Business Model, Amenities, End User and By Geography
According to Stratistics MRC, the Global Co-Living Spaces Market is accounted for $8.9 billion in 2025 and is expected to reach $21.5 billion by 2032 growing at a CAGR of 13.5% during the forecast period. Co-living spaces are modern shared housing arrangements designed to provide affordable, flexible, and community-oriented living for individuals, particularly young professionals, students, and digital nomads. Unlike traditional rentals, co-living offers fully furnished private rooms with shared common areas such as kitchens, lounges, and workspaces, often bundled with amenities like Wi-Fi, housekeeping, and utilities. These spaces foster social interaction, collaboration, and networking while reducing the financial and logistical burdens of independent renting. By combining convenience, affordability, and a sense of community, co-living spaces address urban housing challenges and align with evolving lifestyle preferences in fast-growing metropolitan areas.
Market Dynamics:
Driver:
Affordable housing solutions
The rising cost of urban housing has made affordability a major concern for students, working professionals, and young migrants. Co-living spaces provide an economical alternative by offering shared amenities, flexible leases, and bundled services such as utilities and maintenance. This model helps reduce individual financial burdens while promoting convenience and community living. As major cities face housing shortages, co-living emerges as a sustainable solution that balances comfort and cost, catering to modern urban dwellers’ economic and social needs.
Restraint:
Regulatory and legal challenges
The co-living sector faces regulatory uncertainties concerning property classification, tenancy laws, and zoning regulations. In many regions, existing housing policies are not designed for shared-living models, leading to compliance complexities and legal ambiguities. Additionally, variations in local housing standards and taxation rules can hinder business scalability. Operators must navigate evolving legal frameworks to ensure tenant safety, licensing, and operational legitimacy, posing a significant restraint to market expansion and long-term investor confidence.
Opportunity:
Urbanization and demographic shifts
Rapid urbanization and changing demographics are creating vast opportunities for co-living spaces. As millennials and Gen Z increasingly prioritize experiences over ownership, flexible and community-driven living arrangements are gaining appeal. Growing migration to cities for education and employment further fuels demand. Co-living caters to digital nomads, freelancers, and remote workers seeking connectivity, convenience, and social engagement. Urban infrastructure development and smart city initiatives will continue supporting this trend, making co-living an integral part of future urban lifestyles.
Threat:
High operational costs
High operational costs act as a major hindrance to the growth of the co-living spaces market. Expenses related to property maintenance, utilities, staffing, technology integration, and continuous service upgrades significantly reduce profit margins. Rising real estate prices and inflation further strain operational budgets making scalability and difficult for operators. These high costs often lead to increased rental charges, limiting affordability for target demographics and weakening the market’s competitive and inclusive appeal.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the market due to social distancing norms and declining occupancy rates. However, as the world adapted, demand revived—driven by the need for flexible, affordable, and community-based living. Remote work trends encouraged professionals to relocate to co-living spaces offering collaborative environments. Operators enhanced hygiene protocols, digital check-ins, and private amenities to rebuild trust. The pandemic ultimately reshaped the market toward health-conscious, adaptable, and hybrid-living models catering to post-pandemic lifestyle preferences.
The shared rooms segment is expected to be the largest during the forecast period
The shared rooms segment is expected to account for the largest market share during the forecast period, due to its cost-effectiveness and social appeal among students and young professionals. Shared accommodations promote interaction, collaboration, and a strong sense of community while reducing rent and utility costs. These arrangements are particularly popular in densely populated urban centers with high real estate prices. Operators are enhancing shared spaces with privacy partitions and modern amenities, making them both affordable and comfortable options for urban living.
The entrepreneurs segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the entrepreneurs segment is predicted to witness the highest growth rate, due to growing number of start-up founders, freelancers, and remote professionals seeking flexible living and working environments. Co-living spaces cater to this demographic by integrating co-working zones, networking events, and wellness amenities that foster collaboration and creativity. The synergy between live-work spaces appeals to digital entrepreneurs and gig workers who value convenience, affordability, and community engagement, driving accelerated adoption across global innovation hubs.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to rapid urbanization, population growth, and rising housing demand in countries like India, China, and Southeast Asia. Young professionals and students form a large segment of the urban workforce, fueling demand for affordable co-living options. Major operators are expanding footprints in metropolitan areas to cater to this trend. Government support for urban development and growing investment in shared real estate models further enhance regional market dominance.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to growing acceptance of flexible housing, and the rise of remote work culture. Major cities such as New York, San Francisco, and Toronto are embracing co-living models to counter rising rental costs and space shortages. Technological integration, sustainable designs, and evolving consumer expectations are driving innovation in this market. Increasing investor interest and start-up participation further reinforce the region’s rapid growth trajectory.
Key players in the market
Some of the key players in Co-Living Spaces Market include Habyt, Hmlet, Selina, Sun and Co., Stanza Living, LifeX, Cohabs, OYO, Outsite Co., Zolo Stays, Colive, The Social Hub, Colonies, MyTurf Hospitality, and InTown Suites.
Key Developments:
In August 2025, OYO has entered into a strategic partnership with IBS Software to accelerate its digital transformation across global hospitality operations. The collaboration deploys IBS’s iStay platform to enhance real-time content, pricing, and distribution capabilities, targeting improved guest experiences, operational efficiencies, and growth in direct sales channels.
In June 2025, OYO has announced a partnership with Yatra to strengthen its business travel segment, onboarding 500 serviced hotels on Yatra's platform. The alliance aims to increase OYO's hotel inventory available for business travellers and caters to the rising demand for quality accommodation in emerging metros.
Types Covered:
• Managed Co-Living Spaces
• Unmanaged/Community-Based Co-Living Spaces
• Luxury Co-Living Spaces
• Budget Co-Living Spaces
Layouts Covered:
• Private Rooms
• Shared Rooms
• Studio Apartments
• Duplex Units
Age Groups Covered:
• 18–25 Years
• 26–35 Years
• 36–45 Years
• Above 45 Years
Business Models Covered:
• Lease-Based Model
• Ownership Model
• Hybrid Model
Amenities Covered:
• Furnished Spaces
• Community Events
• Housekeeping Services
• High-Speed Internet
• Co-Working Spaces
• Fitness & Recreation Facilities
End Users Covered:
• Students
• Working Professionals
• Digital Nomads
• Entrepreneurs
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Co-Living Spaces Market, By Type
5.1 Introduction
5.2 Managed Co-Living Spaces
5.3 Unmanaged/Community-Based Co-Living Spaces
5.4 Luxury Co-Living Spaces
5.5 Budget Co-Living Spaces
6 Global Co-Living Spaces Market, By Layout
6.1 Introduction
6.2 Private Rooms
6.3 Shared Rooms
6.4 Studio Apartments
6.5 Duplex Units
7 Global Co-Living Spaces Market, By Age Group
7.1 Introduction
7.2 18–25 Years
7.3 26–35 Years
7.4 36–45 Years
7.5 Above 45 Years
8 Global Co-Living Spaces Market, By Business Model
8.1 Introduction
8.2 Lease-Based Model
8.3 Ownership Model
8.4 Hybrid Model
9 Global Co-Living Spaces Market, By Amenities
9.1 Introduction
9.2 Furnished Spaces
9.3 Community Events
9.4 Housekeeping Services
9.5 High-Speed Internet
9.6 Co-Working Spaces
9.7 Fitness & Recreation Facilities
10 Global Co-Living Spaces Market, By End User
10.1 Introduction
10.2 Students
10.3 Working Professionals
10.4 Digital Nomads
10.5 Entrepreneurs
10.6 Other End Users
11 Global Co-Living Spaces Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Habyt
13.2 Hmlet
13.3 Selina
13.4 Sun and Co.
13.5 Stanza Living
13.6 LifeX
13.7 Cohabs
13.8 OYO
13.9 Outsite Co.
13.10 Zolo Stays
13.11 Colive
13.12 The Social Hub
13.13 Colonies
13.14 MyTurf Hospitality
13.15 InTown Suites
List of Tables
1 Global Co-Living Spaces Market Outlook, By Region (2024-2032) ($MN)
2 Global Co-Living Spaces Market Outlook, By Type (2024-2032) ($MN)
3 Global Co-Living Spaces Market Outlook, By Managed Co-Living Spaces (2024-2032) ($MN)
4 Global Co-Living Spaces Market Outlook, By Unmanaged/Community-Based Co-Living Spaces (2024-2032) ($MN)
5 Global Co-Living Spaces Market Outlook, By Luxury Co-Living Spaces (2024-2032) ($MN)
6 Global Co-Living Spaces Market Outlook, By Budget Co-Living Spaces (2024-2032) ($MN)
7 Global Co-Living Spaces Market Outlook, By Layout (2024-2032) ($MN)
8 Global Co-Living Spaces Market Outlook, By Private Rooms (2024-2032) ($MN)
9 Global Co-Living Spaces Market Outlook, By Shared Rooms (2024-2032) ($MN)
10 Global Co-Living Spaces Market Outlook, By Studio Apartments (2024-2032) ($MN)
11 Global Co-Living Spaces Market Outlook, By Duplex Units (2024-2032) ($MN)
12 Global Co-Living Spaces Market Outlook, By Age Group (2024-2032) ($MN)
13 Global Co-Living Spaces Market Outlook, By 18–25 Years (2024-2032) ($MN)
14 Global Co-Living Spaces Market Outlook, By 26–35 Years (2024-2032) ($MN)
15 Global Co-Living Spaces Market Outlook, By 36–45 Years (2024-2032) ($MN)
16 Global Co-Living Spaces Market Outlook, By Above 45 Years (2024-2032) ($MN)
17 Global Co-Living Spaces Market Outlook, By Business Model (2024-2032) ($MN)
18 Global Co-Living Spaces Market Outlook, By Lease-Based Model (2024-2032) ($MN)
19 Global Co-Living Spaces Market Outlook, By Ownership Model (2024-2032) ($MN)
20 Global Co-Living Spaces Market Outlook, By Hybrid Model (2024-2032) ($MN)
21 Global Co-Living Spaces Market Outlook, By Amenities (2024-2032) ($MN)
22 Global Co-Living Spaces Market Outlook, By Furnished Spaces (2024-2032) ($MN)
23 Global Co-Living Spaces Market Outlook, By Community Events (2024-2032) ($MN)
24 Global Co-Living Spaces Market Outlook, By Housekeeping Services (2024-2032) ($MN)
25 Global Co-Living Spaces Market Outlook, By High-Speed Internet (2024-2032) ($MN)
26 Global Co-Living Spaces Market Outlook, By Co-Working Spaces (2024-2032) ($MN)
27 Global Co-Living Spaces Market Outlook, By Fitness & Recreation Facilities (2024-2032) ($MN)
28 Global Co-Living Spaces Market Outlook, By End User (2024-2032) ($MN)
29 Global Co-Living Spaces Market Outlook, By Students (2024-2032) ($MN)
30 Global Co-Living Spaces Market Outlook, By Working Professionals (2024-2032) ($MN)
31 Global Co-Living Spaces Market Outlook, By Digital Nomads (2024-2032) ($MN)
32 Global Co-Living Spaces Market Outlook, By Entrepreneurs (2024-2032) ($MN)
33 Global Co-Living Spaces Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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