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Investments in utility meters: coworking, coliving, spontaneous shops and warehouses

Since the mid-2000s, an economic model of joint consumption has spread throughout the world. Its main idea is that it is more convenient to pay for temporary access to a product than to own this product. In the transport sector, this way of thinking has led to the emergence of car sharing – services for short-term car rental, in trade – Internet sites, aggregating offers from different vendors.

Away from this movement did not go and the real estate market. In the office sector, coworkings (public offices) appeared, on the housing market – coliving (micro apartments with public spaces), in the retail real estate sector – spontaneous shops and joint lease of outlets, in the warehousing market – boxes for individual storage.

In this article we will talk about the features of objects of this type and explain why it is profitable to invest in them.

Since the 2000s, public offices – coworking spaces have been spread in the office sector. These are premises in which remote workers rent by the day or by months places at a common table, separate tables or entire offices. In large cities such as New York and London, working places are rented for $ 300–400 a month, tables for $ 600–700, and separate offices for $ 2,000 – $ 3,000.

In addition to work areas, coworking facilities include meeting rooms, seminar rooms, sports halls and cafes. Public offices usually open in central or developing areas near the city center, within walking distance of popular bars.

Such objects are becoming more popular: according to the magazine Deskmag, from 2011 to 2016 the number of coworkings on the global market increased 10 times – from 1,130 to 11,300.

Dynamics of the number of coworkings in the world
Coliving (coliving spaces) – this is the building, where in the daily and monthly there are rented studios or bedrooms in serviced apartments. On average, rooms in coliving are rented for 1 thousand – 2 thousand dollars, studios – for 2 thousand – 3 thousand dollars per month.

Studio in New York colloquive WeLive
Studio in New York colloquive WeLive
In addition to bedrooms, colivingings include common areas: living rooms, dining rooms, libraries, gyms, bicycle racks, and terraces. such facilities have everything you need, including furniture, bedding, towels, kitchen utensils, a fridge with soft drinks, books, toiletries and HDTV.

Residents meet during dinner, watch movies together, relax in the garden, go to parties, cooking classes and yoga sessions. Residents are offered hotel-type services, including a 24-hour concierge service, cleaning, and tea and coffee making facilities.

The coliving format appeared in San Francisco in 2013, and now they are opening all over the world. Famous projects include Gap House in Seoul (Republic of Korea), Old Oak in London (United Kingdom), P10 Share House LT Josai in Nagoya (Japan), Roam Co-living Housing Complex in Bali (Indonesia), Salva46 Apartment in Barcelona (Spain ) and WeLive in New York (USA).

Similar formats in other sectors
A phenomenon similar to coworking and coliving, exists in other sectors. For example, the shared retail space format is distributed in the retail market. This idea often manifests itself in the form of a sublease, when large retailers, with the permission of the building owner, hand over part of the rented premises to other stores. For example, according to the publication Entrepreneur, in the United States, Wal-Mart and Target have sublet some of the space to Apple stores, Sears, the Forever 21 apparel store.

Also, the retail real estate market is conquered by spontaneous or temporary (pop-up retail) stores, where brands can for the first time declare their product, participate in an event, test an idea or a new location. Such stores usually open for a period of one day to three months in the metropolitan areas of Europe and the United States – in the central streets with high pedestrian traffic and in large shopping centers. According to Storefront, the operator of such premises, renting spontaneous outlets in London costs an average of $ 1,000, in New York – $ 1.6 thousand per day.

Temporary store for the manufacturer of the spread Marmite in London
Temporary store for the manufacturer of the spread Marmite in London
There are other types of real estate, such as temporary stores, for example, spontaneous restaurants (pop-up restaurants) that open during events.

Finally, in the warehouse market, the joint consumption model has found expression in self-storage spaces. These are small warehouses, boxes or cells inside a large warehouse, leased for months to store personal belongings. In the United States, such facilities are usually garage-type warehouses; in Germany, five- or six-storey buildings with an area of ​​5,000 to 6,000 m². They are usually built on the central streets near residential areas. According to Life Storage, 5×5 foot warehouses in the states of New York and New Jersey are on average for $ 50-150 per month.

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