{"id":5166,"date":"2023-11-21T14:32:06","date_gmt":"2023-11-21T13:32:06","guid":{"rendered":"https:\/\/thecitylifer.com\/blog\/?p=5166"},"modified":"2023-11-22T10:55:36","modified_gmt":"2023-11-22T09:55:36","slug":"a-developers-case-study-on-coliving-vs-traditional-apartments","status":"publish","type":"post","link":"https:\/\/thecitylifer.com\/blog\/coliving\/a-developers-case-study-on-coliving-vs-traditional-apartments\/","title":{"rendered":"A Developer&#8217;s Case Study on Coliving vs. Traditional Apartments"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5166\" class=\"elementor elementor-5166\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d7ccbd3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d7ccbd3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a7adc6\" data-id=\"2a7adc6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2208672 elementor-widget elementor-widget-text-editor\" data-id=\"2208672\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It is no longer news that coliving market has gained phenomenal traction among young professionals and digital nomads searching for housing options that suit their lifestyles and budgets. The question left is &#8211; what is the math behind the population growth and the growing number of real estate developers looking to invest in coliving properties?<\/p><p>European investors are already eyeing coliving with increasing interest. This type of opportunity is perfect for investors looking for financial viability and having a broad spectrum of real estate and investment property portfolios. In the first quarter of 2023, <a href=\"https:\/\/www.savills.com\/research_articles\/255800\/347501-0\" target=\"_blank\" rel=\"noopener\">Savills found that 38% of investors are already investing capital in coliving<\/a> and that 51% plan to target coliving market in the next three years, making it the joint third most invested in \u2018Living\u2019 market sector, following multifamily and student housing or Purpose Built Student Accommodation (PBSA).<\/p><p>With this increasing housing market demand, it is important to be informed of the real value of investing capital in coliving. This article looks closely and studies a financial comparison of a 10,000 sqm long stay coliving building versus traditional apartments. Through this, we will understand why coliving schemes thrive to hold an appeal with a growing number of young adult residents and investors keen on redefining the urban context of the housing market landscape.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c9e7fcb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c9e7fcb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff5b543\" data-id=\"ff5b543\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b13c1fb elementor-widget elementor-widget-image\" data-id=\"b13c1fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash-1024x640.jpg\" height=\"500\" width=\"800\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash-1024x640.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash-300x188.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash-768x480.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/daryan-shamkhali-mCsviAwnu5w-unsplash-18x12.jpg 18w\" sizes=\"(max-width: 800px) 100vw, 800px\" class=\"attachment-large size-large wp-image-5189 sp-no-webp\" alt=\"Architecture Skyscrapers Building with Trees\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0063f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0063f6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f4cf38a\" data-id=\"f4cf38a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-009745d elementor-widget elementor-widget-heading\" data-id=\"009745d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Factors in Determining the Business Case<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7c9d87 elementor-widget elementor-widget-text-editor\" data-id=\"e7c9d87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400\">Before diving into the case study, let\u2019s focus first on the definition of the key parameters.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f483cfc elementor-widget elementor-widget-heading\" data-id=\"f483cfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Gross\/Net Area Ratio<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58cfe86 elementor-widget elementor-widget-text-editor\" data-id=\"58cfe86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400\">The gross\/net area ratio in project development measures space efficiency and utilization. It calculates the total (gross) area, including all walls and unusable spaces. It also accounts for the usable (net) area that residents can occupy and utilize, whereas net floor area is equal to the gross floor area minus tare area. Tare areas can include walls, columns, and other areas necessary for the building&#8217;s structure but do not contribute to the net usable space.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c19e630 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c19e630\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c70771b\" data-id=\"c70771b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22d1a44 elementor-widget elementor-widget-image\" data-id=\"22d1a44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer.jpg\" height=\"554\" width=\"1200\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer-300x138.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer-1024x473.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer-768x354.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Gross-net-area-ratio-by-The-Citylifer-18x8.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-5250 sp-no-webp\" alt=\"Gross net area ratio by The Citylifer\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bae53fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bae53fb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d98b24c\" data-id=\"d98b24c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c15e0c2 elementor-widget elementor-widget-heading\" data-id=\"c15e0c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Programming<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fc8b23 elementor-widget elementor-widget-text-editor\" data-id=\"7fc8b23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400\">Programming is the critical planning phase where developers, often with architects, determine the purpose of development, whether commercial, retail, mixed-use, or residential. For instance, in a residential building, you can also further decide whether the development will be a student accommodation, family home, senior housing, or coliving. In this stage of the planning process, stakeholders establish the project&#8217;s purpose and requirements to serve as the foundation for determining the configuration of spaces and their relationships and the needs of future residents. Most importantly, it is best to consider the demand and supply in the city and the zoning plan, set forth by the local market or municipality.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-88fe4b2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"88fe4b2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5f811b\" data-id=\"c5f811b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8744445 elementor-widget elementor-widget-heading\" data-id=\"8744445\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Hard Costs and Soft Costs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29c657e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29c657e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a80098\" data-id=\"3a80098\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e9a7bb elementor-widget elementor-widget-text-editor\" data-id=\"2e9a7bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/proest.com\/construction\/tips\/hard-costs-vs-soft-costs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Hard costs<\/span><\/a><span style=\"font-weight: 400;\"> refer to the capital incurred in physical construction, encompassing materials, equipment, interior finishes, and labor incurred, such as excavation, carpentry, electrical wiring, and plumbing. Soft costs, on the other hand, encompass market research, architectural design fees, legal fees, project management fees, administrative expenses, environmental surveys, and designs. Soft costs are typically strongly correlated to hard costs, meaning that when the project\u2019s hard costs increase, the soft costs usually increase too. This happens because more complex or expensive projects often require more design work, more detailed planning, longer time to get permits, and potentially more legal and management work.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd62bb7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd62bb7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e77d606\" data-id=\"e77d606\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0eae405 elementor-widget elementor-widget-heading\" data-id=\"0eae405\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Developer\u2019s Profit<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7fd6c9 elementor-widget elementor-widget-text-editor\" data-id=\"f7fd6c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The developer\u2019s profit is the money the developer earns from the sale or lease after all costs have been paid. The required profit varies between developers, but usually, <\/span><a href=\"https:\/\/www.realestateagent.com\/real-estate-glossary\/real-estate\/developers-profit.html#:~:text=Usually%2C%20the%20developer%E2%80%99s%20profit%20can,to%20the%20end%20project%E2%80%99s%20value\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the developer\u2019s profit ranges between 5% to 15% of the project\u2019s total costs<\/span><\/a><span style=\"font-weight: 400;\">. It can be influenced by various factors, including market conditions, location, demand for the developed properties, and the developer&#8217;s project management capability.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e35c64 elementor-widget elementor-widget-heading\" data-id=\"7e35c64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Financing Costs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebdc2f4 elementor-widget elementor-widget-text-editor\" data-id=\"ebdc2f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Financing cost is a significant factor in determining the project\u2019s feasibility. It is the cost of borrowing or sourcing capital through different financial instruments. In 2023, the<\/span> <a href=\"https:\/\/www.abnamro.nl\/en\/personal\/mortgages\/interest-rates\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">general interest rates for properties vary between 4% and 6%<\/span><\/a><span style=\"font-weight: 400;\">. However, considering the higher risk for project developments, an additional risk premium of 200 to 300 basis points (2% &#8211; 3%) is typically added to the base interest rate. This means that in the project developments sector, effective interest rates could yield from 6% to 9%.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e36e14 elementor-widget elementor-widget-heading\" data-id=\"0e36e14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Gross and Net Rent Yield<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ca961a elementor-widget elementor-widget-text-editor\" data-id=\"6ca961a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In assessing the property\u2019s market value for post-completion investors, gross and net rent yields play a pivotal role.<\/span><\/p><ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Gross Yield:<\/strong> Determined by dividing the annual rental income by the property&#8217;s purchase price, then converting that figure into a percentage. This type of yield does not consider operational costs.<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Net Yield:<\/strong> On the contrary, this type of yield incorporates operational costs. It is derived by deducting costs associated with operations, vacancies, and turnover from the annual rental income. This value is then divided by the property&#8217;s purchase price to get the percentage.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Investors engage in post-completion property investments as a strategy to offset inflation rates and generate income. These investors often have targeted gross and net yield expectations, which are directly influenced by the risk levels associated with their investments. Understanding these yield requirements is crucial for making informed investment decisions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3de8fd9 elementor-widget elementor-widget-heading\" data-id=\"3de8fd9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Total Annual Basic Rent<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe1e4a0 elementor-widget elementor-widget-text-editor\" data-id=\"fe1e4a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">One of the most important metrics is the total amount of <\/span><b>basic rent<\/b><span style=\"font-weight: 400;\"> all tenants collectively pay for renting the building on an annual basis. It is simply derived from summing up all monthly rents and then multiplying the sum by 12. Basic rent is the most common metric to determine <\/span><span style=\"font-weight: 400;\">the property\u2019s market value for post-completion investors.<\/span><span style=\"font-weight: 400;\"> While other rent income, such as service costs and utility bills, are part of the property\u2019s operational income, they are not taken into consideration for determining the post-completion property value. This is because the revenue generated from these services are usually similar as the costs associated providing them. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bec7443 elementor-widget elementor-widget-heading\" data-id=\"bec7443\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Post-Completion Property Value<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc96cb0 elementor-widget elementor-widget-text-editor\" data-id=\"bc96cb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In development, the post-completion value is crucial as it determines the success and profitability of a project. It refers to the market value of a property after it has been completed and is fully rented. It is derived by simply dividing the annual total basic rent to the required gross yield. Below is an example of computation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60bf0cb elementor-widget elementor-widget-text-editor\" data-id=\"60bf0cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: var( --e-global-typography-text-font-size ); font-weight: var( --e-global-typography-text-font-weight ); word-spacing: var( --e-global-typography-text-word-spacing );\">Annual Total Basic Rent \/ Required Gross Yield = Property Value<\/i><\/p><p><span style=\"font-weight: 400;\">\u20ac1,200,000 \/ 5,0% = \u20ac24,000,000<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f9e270 elementor-widget elementor-widget-image\" data-id=\"8f9e270\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash-1024x640.jpg\" height=\"500\" width=\"800\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash-1024x640.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash-300x188.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash-768x480.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/mateo-fernandez-XTC538P_eWk-unsplash-18x12.jpg 18w\" sizes=\"(max-width: 800px) 100vw, 800px\" class=\"attachment-large size-large wp-image-5191 sp-no-webp\" alt=\"Shared Living Room with Comfortable Sofa and Lounge Chairs Industrial Look and Feel\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f4ffcb elementor-widget elementor-widget-heading\" data-id=\"7f4ffcb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Case Study: 10,000 gross sqm Building<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-baad0c0 elementor-widget elementor-widget-text-editor\" data-id=\"baad0c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400\">To make this more concrete, let\u2019s take a closer look at a 10,000 gross sqm building in the city of Netherlands and compare a <\/span><b>long stay coliving development<\/b><span style=\"font-weight: 400\"> with a traditional housing development.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ed567db elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ed567db\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3896f99\" data-id=\"3896f99\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-89469a0 elementor-widget elementor-widget-heading\" data-id=\"89469a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Gross\/Net Area Ratio<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c6e2d20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c6e2d20\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-151c9ee\" data-id=\"151c9ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22e3db8 elementor-widget elementor-widget-text-editor\" data-id=\"22e3db8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Starting with the gross\/net ratio. Typically, a gross net ratio between 65% and 80% is required to make a business case work. In this case study, we will use 75% for traditional housing. For coliving, we\u2019re led to a 2% lower gross net ratio due to the programming differences, more individual units, walls, and infrastructure, resulting in 73%. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-492a432 elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-widget elementor-widget-blockquote\" data-id=\"492a432\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cTypically, a gross net ratio between 65% and 80% is required to make a business case work.\u201d\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5c2e56 elementor-widget elementor-widget-image\" data-id=\"b5c2e56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-scaled.jpg\" height=\"735\" width=\"1200\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-scaled.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-300x184.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-1024x627.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-768x470.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-grossnet-area-The-Citylifer-1-18x12.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-5200 sp-no-webp\" alt=\"\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e93ebb1 elementor-widget elementor-widget-text-editor\" data-id=\"e93ebb1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Visual comparison of gross\/net area between traditional housing (75%) vs. coliving (73%)<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87cf73b elementor-widget elementor-widget-text-editor\" data-id=\"87cf73b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Coliving&#8217;s gross\/net area ratio may be slightly less favorable, due to more units, walls, and infrastructure, compared to traditional apartments. However, this trade-off is intentional, as it prioritizes more space for individual apartments or bedrooms and shared communal areas, which play a key role in its appeal to residents. On the contrary, the traditional apartments sector offers more individualized living spaces and fewer shared spaces and amenities, resulting in a potentially more favorable gross\/net area ratio.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aad447 elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-widget elementor-widget-blockquote\" data-id=\"1aad447\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cColiving prioritizes more space for individual apartments or bedrooms and shared communal areas, which play a key role in its apeal to residents.\u201d\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39febbc elementor-widget elementor-widget-spacer\" data-id=\"39febbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0440dda elementor-widget elementor-widget-heading\" data-id=\"0440dda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Programming with a Sense of Community Living<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f96433 elementor-widget elementor-widget-text-editor\" data-id=\"8f96433\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We use the computed 75% and 73% gross\/net area ratio in determining the number of apartments that can be created. For coliving, we will use our own studio &#8220;The Nomad&#8221;, which features a compact and efficient apartment design of 25 sqm, as an example. Coliving&#8217;s programming includes shared areas for residents, so we reserved 3 sqm per apartment for shared amenities. Given that the Nomad studio is less than 40 sqm, we calculate a\u00a0<\/span><a href=\"https:\/\/lokaleregelgeving.overheid.nl\/CVDR671029\/1\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reduced number of parking spots of 0.1 ratios per unit<\/span><\/a>.<span style=\"font-weight: 400;\">\u00a0The net sqm of a parking spot is 12.5 sqm, averaging out to <\/span><b>1.25 sqm per unit.<\/b><\/p><p><span style=\"font-weight: 400;\">While for traditional housing, we considered an average apartment size of 75 sqm without any shared areas for its residents. As a result, we calculate 0.65 parking spot ratio per unit, averaging <\/span><b>7.5 sqm per unit.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-274c82a elementor-widget elementor-widget-image\" data-id=\"274c82a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-scaled.jpg\" height=\"805\" width=\"1200\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-scaled.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-300x201.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-1024x687.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-768x515.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-programming-between-the-net-usable-space-The-Citylifer-18x12.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-5199 sp-no-webp\" alt=\"Visual comparison of programming between the net usable space the Citylifer\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb6910d elementor-widget elementor-widget-text-editor\" data-id=\"eb6910d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Visual comparison of programming between the net usable space of traditional housing (90 units) vs. coliving (250 units)<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a3f0eb elementor-widget elementor-widget-text-editor\" data-id=\"1a3f0eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The programming of coliving and traditional apartments varies significantly due to their distinct concepts and target market. Coliving schemes typically have more units since it has smaller private studios, ranging from 20 to 40 sqm. It prioritizes large communal areas, shared amenities, landscaped gardens, and close proximity to public transportation. On the other hand, traditional housing has studio apartments of 40 sqm to multi-bedroom units of 120 sqm, with shared areas limited to hallways and lobbies. Unlike coliving, it prioritizes parking convenience as it usually caters to residents who may have personal cars.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45ee3c1 elementor-widget elementor-widget-heading\" data-id=\"45ee3c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Investment Costs and Developer\u2019s Profit in Coliving Market<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59e1d1e elementor-widget elementor-widget-text-editor\" data-id=\"59e1d1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Let\u2019s continue the case study, assuming that the land costs\u00a0 \u20ac5,000,000 for both developments and that this project is a newly built construction.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">For traditional housing, we will include a unit price of \u20ac2,000 ex VAT per gross sqm since it only typically contains apartments and parking spots.<\/span><\/p><p><span style=\"font-weight: 400;\">Coliving developments, on the other hand, although have fewer parking spots, produce more units, leading to more bathrooms, kitchens, co working spaces, and installations. The duplication of the design elements and repetition of the studio layouts make it easier for the contractor to build because it requires fewer modifications per floor. In turn, one studio can be built relatively cheaply. Overall, what makes coliving developments slightly more expensive than traditional apartment developments is it has more units to complete. Considering these, we will include an additional \u20ac200 ex VAT per gross meter, resulting in a unit price of \u20ac2,200 ex VAT per gross sqm.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa2ef29 elementor-widget elementor-widget-image\" data-id=\"aa2ef29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer.jpg\" height=\"1020\" width=\"1200\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer-300x255.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer-1024x871.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer-768x653.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Visual-comparison-of-required-post-completion-value-and-its-components-by-The-Citylifer-14x12.jpg 14w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-5237 sp-no-webp\" alt=\"VIsual Comparison of Required Post Completion Value and Its Components by The Citylifer\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a6320d elementor-widget elementor-widget-image\" data-id=\"0a6320d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer-1024x630.jpg\" height=\"492\" width=\"800\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer-1024x630.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer-300x184.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer-768x472.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Required-post-completion-value-by-The-Citylifer-18x12.jpg 18w\" sizes=\"(max-width: 800px) 100vw, 800px\" class=\"attachment-large size-large wp-image-5239 sp-no-webp\" alt=\"Required post completion value by The Citylifer\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f50fd6d elementor-widget elementor-widget-text-editor\" data-id=\"f50fd6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Visual comparison of the required post-completion value and its components, between the traditional housing (\u20ac36.25 mil) vs. coliving (\u20ac39.25 mil)<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6364124 elementor-widget elementor-widget-text-editor\" data-id=\"6364124\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For the soft costs, we add 20% for both coliving and traditional housing developments and another 15% for financing cost and 10% as developer\u2019s profit. Hence, to make at least a 10% profit, the developer has to price the property at least at \u20ac36.25 million for a traditional housing development and \u20ac39.25 million for a coliving development.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19f6920 elementor-widget elementor-widget-heading\" data-id=\"19f6920\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Low and Ideal Pricing for Young Professionals<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bbe2393 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bbe2393\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f3b1fc\" data-id=\"2f3b1fc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-915f401 elementor-widget elementor-widget-text-editor\" data-id=\"915f401\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Knowing the required post-completion value, the only question remains how much basic rent should be generated to make it an attractive business case. The required total basic rent can be calculated by:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bc5f2f elementor-widget elementor-widget-text-editor\" data-id=\"4bc5f2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Post-completion property value x required gross yield<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4e5113 elementor-widget elementor-widget-text-editor\" data-id=\"f4e5113\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The required gross yield for investors is determined by the risk perception of the specific building. Investor expect and demand higher gross yields from coliving developments compared to traditional developments due to two reasons:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Higher operational costs due to more intensive management and higher turnover rates<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coliving is a new concept, which is perceived as riskier, yet premium yields are demanded.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Given the operating nuances and novelty of the concept, investors usually expect a marginally elevated gross yield. This often ranges from 0 to 25 basis points, which is higher than what&#8217;s anticipated from traditional housing developments in major cities. In fact, in Q1 of 2023,<\/span><a href=\"https:\/\/investmentupdates.realestate-mortgages.achmea.nl\/2023-q1-eng\/residential\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">prime yields in Amsterdam were around 4% and around 5% in Rotterdam<\/span><\/a><span style=\"font-weight: 400;\">. So we will calculate with a gross yield of 5,0% for traditional housing and 5,25% for the coliving development.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d0efb2 elementor-widget elementor-widget-image\" data-id=\"8d0efb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving.jpg\" height=\"718\" width=\"1200\" srcset=\"https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving.jpg 1200w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving-300x179.jpg 300w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving-1024x613.jpg 1024w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving-768x459.jpg 768w, https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/Comparison-gross-yield-traditional-housing-and-coliving-18x12.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" class=\"attachment-full size-full wp-image-5246 sp-no-webp\" alt=\"Comparison gross yield traditional housing and coliving by The CItylifer\"> \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-628b49c elementor-blockquote--skin-quotation elementor-blockquote--align-center elementor-widget elementor-widget-blockquote\" data-id=\"628b49c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tThe total annual rent required is around 13.7% higher for the coliving development, but if we calculate the price per individual unit you see that it\u2019s a staggering 59% lower than traditional housing.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-451407c elementor-widget elementor-widget-spacer\" data-id=\"451407c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2bf5d7 elementor-widget elementor-widget-text-editor\" data-id=\"c2bf5d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The total annual rent required is around 13.7% higher for the coliving development, but if we calculate the price per individual unit you see that it\u2019s a staggering 59% lower than traditional housing: \u20ac687 for a coliving unit compared to \u20ac1.678 for a traditional apartment.<\/span><\/p><p><span style=\"font-weight: 400;\">Considering <\/span><a href=\"https:\/\/www.iamexpat.nl\/career\/working-in-the-netherlands\/salary-payslip-dutch-minimum-wage\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">entry-level gross salaries in The Netherlands are around \u20ac2.000 per month<\/span><\/a><span style=\"font-weight: 400;\">, the monthly rent of a traditional apartment would eat up a mindblowing 84% of a young adult\u2019s salary. Better said, it\u2019s impossible for young adults to rent a traditional apartment, a phenomenon that is clearly shown in the current housing market. A coliving studio on the other hand costs a young adult around 34% of its salary. This is very close to the 30:40 rule, a guideline that strongly advises low-income households to spend <\/span><a href=\"https:\/\/www.aihw.gov.au\/reports\/australias-welfare\/housing-affordability\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">less than 30% of their income on housing<\/span><\/a><span style=\"font-weight: 400;\">. Hence, coliving offers a housing solution that fits the budget and needs of young adults, while it allows investors to make a positive social impact.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b82b2f elementor-widget elementor-widget-heading\" data-id=\"6b82b2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d09b3a elementor-widget elementor-widget-text-editor\" data-id=\"9d09b3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Although simplified, this business case study strongly represents the<\/span><b> strength of investing in coliving<\/b><span style=\"font-weight: 400;\"> compared to traditional housing. <\/span><b>Coliving can solve the huge<\/b><span style=\"font-weight: 400;\"> housing affordability<\/span><b> crisis<\/b><span style=\"font-weight: 400;\"> in The Netherlands, within the \u20ac600 to \u20ac1,000 price range, by <\/span><b>allowing more individual units per building<\/b><span style=\"font-weight: 400;\"> and<\/span><b> allowing developers to rent the units for much lower prices<\/b><span style=\"font-weight: 400;\">. The substantial amount of available units at much more accessible rates outweighs the fact that it has a slightly higher upfront cost. Besides being cost-effective, coliving schemes became an ideal solution to the housing sector to meet the growing market demand for community-centric living. These reasons are more than enough to answer our question from the introduction &#8211; why is there a growing number of developers eyeing to invest in the coliving sector?<\/span><\/p><p><span style=\"font-weight: 400;\">Ultimately, each city and business sector varies and requires special attention. The Citylifer is constantly open to discuss business and look for valuable collaborations. If you have ideas and projects in mind and are interested in such a partnership, do not hesitate to get in touch.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbcd211 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"cbcd211\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url('https:\/\/thecitylifer.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/11\/bar_-1024x684.webp') ;\" role=\"img\" aria-label=\"The Citylifer Entrance\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tInterested in collaborating with us?\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-md\" href=\"https:\/\/citylifer1.wpenginepowered.com\/partnerships\/\" target=\"_blank\">\n\t\t\t\t\t\tBecome a partner\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-adafffc elementor-widget elementor-widget-spacer\" data-id=\"adafffc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fcca5a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fcca5a7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b18ac23\" data-id=\"b18ac23\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a0e9769 elementor-widget elementor-widget-heading\" data-id=\"a0e9769\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Citylifer Perspective<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-57e7648 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"57e7648\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-a34d82a\" data-id=\"a34d82a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39e8c99 elementor-widget elementor-widget-text-editor\" data-id=\"39e8c99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Citylifer strongly believes in the strength of coliving for both residents and developers. It acknowledges how coliving offers residents the opportunity to live in urban areas for a reasonable price, while simultaneously being part of a like-minded community. For developers, we have designed a building that is modular and answers to the needs of young adults and offers a strong operator side.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9d8dba0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9d8dba0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-31c2df2\" data-id=\"31c2df2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6217e99 elementor-view-stacked elementor-widget__width-auto elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"6217e99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-building\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ca71d73\" data-id=\"ca71d73\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3427693 elementor-widget elementor-widget-heading\" data-id=\"3427693\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Modular design to upcycle urban spaces<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf63ac8 elementor-widget elementor-widget-text-editor\" data-id=\"bf63ac8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Citylifer\u2019s sustainability-focused design is based on an office grid structure. This innovative design allows repurpose vacant inner city office buildings while also accommodating newly constructed development. There are significant benefits of upcycling, such as shorter projected lead times, lower construction costs and reduced environmental impact.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-aa52164 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa52164\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e43515e\" data-id=\"e43515e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0db5f5 elementor-view-stacked elementor-widget__width-auto elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"e0db5f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-handshake\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b68ac16\" data-id=\"b68ac16\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76f4504 elementor-widget elementor-widget-heading\" data-id=\"76f4504\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">One-stop concept and operator solution<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbb4163 elementor-widget elementor-widget-text-editor\" data-id=\"dbb4163\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Citylifer acts as both concept and operator. It means we can be involved in the location scouting and acquisition, the design of the building, and all the way to the operations of the building. This one-stop solution creates a seamless and consistent experience, which also helps in smoother dealings with local authorities involved.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9fe2a86 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fe2a86\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fb20c17\" data-id=\"fb20c17\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a7bf7d elementor-view-stacked elementor-widget__width-auto elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"8a7bf7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-check-circle\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-56d4ca4\" data-id=\"56d4ca4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e334967 elementor-widget elementor-widget-heading\" data-id=\"e334967\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Fair and transparent pricing\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54c42bc elementor-widget elementor-widget-text-editor\" data-id=\"54c42bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Our pricing is compliant with local regulations and ensures transparency for residents. For the Netherlands, this means that basic rent prices are compliant with the WWS point system and service costs are priced by national regulations set forth by Huurcommissie. Moreover, there are no hidden fees for residents. All pricing components are disclosed upfront.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fc0cbc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc0cbc1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ef3edd2\" data-id=\"ef3edd2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-96da3f0 elementor-view-stacked elementor-widget__width-auto elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"96da3f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-leaf\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-30be0a9\" data-id=\"30be0a9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4cc1cdd elementor-widget elementor-widget-heading\" data-id=\"4cc1cdd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">ESG-compliant investment<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-398d5e0 elementor-widget elementor-widget-text-editor\" data-id=\"398d5e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Driven by a passion for sustainability, social responsibility, and effective governance, The Citylifer has crafted an ESG policy that is intently integrated in all our operations. Our goal is to create a substantial impact, not only for the betterment of the planet but also for the well-being of the people around us. In this collaborative journey, we openly invite residents and neighbors to join hands with us in championing positive change towards a sustainable future.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d64c02f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d64c02f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b77ce2d\" data-id=\"b77ce2d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8308aed elementor-widget elementor-widget-spacer\" data-id=\"8308aed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fff4649 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fff4649\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ba11d0b\" data-id=\"ba11d0b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-394bb0a elementor-widget elementor-widget-spacer\" data-id=\"394bb0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b56ce5d elementor-widget elementor-widget-heading\" data-id=\"b56ce5d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQ<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c49ba1 elementor-widget elementor-widget-accordion\" data-id=\"7c49ba1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1301\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1301\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the difference between traditional housing and coliving?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1301\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1301\"><p><span style=\"font-weight: 400;\">Traditional housing features individual units or homes where tenants have private spaces with limited access to shared amenities while coliving emphasizes community building and social interactions, private bedrooms or units, and full access to shared common areas and community events.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1302\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1302\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are two advantages and disadvantages to coliving that you can tell young people about?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1302\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1302\"><p><span style=\"font-weight: 400;\">Two advantages of coliving are networking opportunities for tenants and flexible terms, from long short term to long term leases, while the disadvantages are people frequently come and go and the possibility of different lifestyles, housing needs or preferences.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1303\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1303\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the difference between coliving and an apartment life?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1303\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1303\"><p><span style=\"font-weight: 400;\">Coliving offers tenants both the benefits of private living spaces and shared facilities to encourage a sense of community living. Apartments, on the other hand, consist of separate individual living units, often without shared amenities, fostering more privacy.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1304\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1304\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why is coliving important?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1304\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1304\"><p><span style=\"font-weight: 400;\">Coliving offers a cost-effective alternative to the scarcity of affordable housing by optimizing space and creating more units at lower costs. It fosters community and modern living, appealing to residents and investors keen on redefining the housing landscape.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>It is no longer news that coliving market has gained phenomenal traction among young professionals and digital nomads searching for housing options that suit their lifestyles and budgets. The question left is &#8211; what is the math behind the population growth and the growing number of real estate developers looking to invest in coliving properties? [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5178,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[20],"post_folder":[],"class_list":["post-5166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coliving","tag-blogtemplate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Developer\u2019s Case Study on Coliving vs. Traditional Apartments<\/title>\n<meta name=\"description\" content=\"Uncover the math behind colivings rise and its real value for residents and investors. 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