Will Co-Living survive the pandemic?
A common question being asked at present is “what is the impact of COVID-19 on Co-Living?”.
All “living” asset types (Student, Multifamily, Senior, Co-Living) have had to adapt their management regime to safeguard the health and safety of their residents. The measures are dialled up or down depending on the specific property and the demographic of the residents.
In the short-term, operators are temporarily closing shared spaces so social distancing guidelines are respected. This has stimulated a concern from some investors about the concept of sharing spaces, although they also acknowledge that lockdown and social distancing won’t last forever …