Joshua “Josh” Weisfeld is a communications and rhetorical studies graduate from Syracuse University. He is an asset manager at W Brothers Realty, LLC in New York. As a commercial real estate professional, Joshua Weisfeld is interested in new trends in real estate, especially in the New York market.
One of the popular real estate trends in New York City is co-living spaces. They are popular for their reputation as cost-effective and community-oriented housing alternatives. They feature shared facilities like kitchens, workspaces, and lounges. They can also help people searching for social interaction, such as new city inhabitants, find what they seek.
According to the New York Times, more co-living companies have emerged in the city. The largest operator, Common, has over 20 locations throughout the boroughs. The NYC Department of Housing Preservation and Development reports that creating co-living spaces is encouraged as a part of its affordable housing initiative.
However, not all co-living spaces are affordable. While some locations might prioritize affordability and easy access, others might provide more opulent amenities like rooftop terraces and gyms.
The combination of affordability and community has made co-living spaces a popular housing option in New York City. As the city evolves, co-living spaces will likely remain ideal for many New York residents.
