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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

Publisher Stratistics Market Research Consulting
Published Nov 25, 2025
Length 200 Pages
SKU # SMR20601560

Description

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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

200 Pages
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
Table 1 Global Co-Living Spaces Market Outlook, By Region (2024-2032) ($MN)
Table 2 Global Co-Living Spaces Market Outlook, By Type (2024-2032) ($MN)
Table 3 Global Co-Living Spaces Market Outlook, By Managed Co-Living Spaces (2024-2032) ($MN)
Table 4 Global Co-Living Spaces Market Outlook, By Unmanaged/Community-Based Co-Living Spaces (2024-2032) ($MN)
Table 5 Global Co-Living Spaces Market Outlook, By Luxury Co-Living Spaces (2024-2032) ($MN)
Table 6 Global Co-Living Spaces Market Outlook, By Budget Co-Living Spaces (2024-2032) ($MN)
Table 7 Global Co-Living Spaces Market Outlook, By Layout (2024-2032) ($MN)
Table 8 Global Co-Living Spaces Market Outlook, By Private Rooms (2024-2032) ($MN)
Table 9 Global Co-Living Spaces Market Outlook, By Shared Rooms (2024-2032) ($MN)
Table 10 Global Co-Living Spaces Market Outlook, By Studio Apartments (2024-2032) ($MN)
Table 11 Global Co-Living Spaces Market Outlook, By Duplex Units (2024-2032) ($MN)
Table 12 Global Co-Living Spaces Market Outlook, By Age Group (2024-2032) ($MN)
Table 13 Global Co-Living Spaces Market Outlook, By 18–25 Years (2024-2032) ($MN)
Table 14 Global Co-Living Spaces Market Outlook, By 26–35 Years (2024-2032) ($MN)
Table 15 Global Co-Living Spaces Market Outlook, By 36–45 Years (2024-2032) ($MN)
Table 16 Global Co-Living Spaces Market Outlook, By Above 45 Years (2024-2032) ($MN)
Table 17 Global Co-Living Spaces Market Outlook, By Business Model (2024-2032) ($MN)
Table 18 Global Co-Living Spaces Market Outlook, By Lease-Based Model (2024-2032) ($MN)
Table 19 Global Co-Living Spaces Market Outlook, By Ownership Model (2024-2032) ($MN)
Table 20 Global Co-Living Spaces Market Outlook, By Hybrid Model (2024-2032) ($MN)
Table 21 Global Co-Living Spaces Market Outlook, By Amenities (2024-2032) ($MN)
Table 22 Global Co-Living Spaces Market Outlook, By Furnished Spaces (2024-2032) ($MN)
Table 23 Global Co-Living Spaces Market Outlook, By Community Events (2024-2032) ($MN)
Table 24 Global Co-Living Spaces Market Outlook, By Housekeeping Services (2024-2032) ($MN)
Table 25 Global Co-Living Spaces Market Outlook, By High-Speed Internet (2024-2032) ($MN)
Table 26 Global Co-Living Spaces Market Outlook, By Co-Working Spaces (2024-2032) ($MN)
Table 27 Global Co-Living Spaces Market Outlook, By Fitness & Recreation Facilities (2024-2032) ($MN)
Table 28 Global Co-Living Spaces Market Outlook, By End User (2024-2032) ($MN)
Table 29 Global Co-Living Spaces Market Outlook, By Students (2024-2032) ($MN)
Table 30 Global Co-Living Spaces Market Outlook, By Working Professionals (2024-2032) ($MN)
Table 31 Global Co-Living Spaces Market Outlook, By Digital Nomads (2024-2032) ($MN)
Table 32 Global Co-Living Spaces Market Outlook, By Entrepreneurs (2024-2032) ($MN)
Table 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.

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