Coliving is a modern form of housing where residents share living spaces and amenities to save money and maintain a higher standard of living. The concept of co-living is becoming a more attractive and effective solution among professionals, entrepreneurs, students, and creatives. Coliving is similar to single room occupancy as it offers residents an individual space in a shared property.

Coliving provides a more affordable and amenity-based alternative to individual apartments. The defining characteristic is that all coliving spaces offer at least a shared kitchen and living room. Coliving appeals particularly to Millennials due to rising property prices. Residents of coliving spaces typically range between the ages of 19 and 40 years. They are typically employees of startups, entrepreneurs, or students.