1. Cohabs is a Belgian-founded coliving company with 14 locations in New York, offering shared living spaces for Gen Zers and millennials.
2. Members of Cohabs pay up to $2,700 a month for rent, but benefit from amenities and a sense of community not found in traditional apartment rentals.
3. While Cohabs has been successful in NYC, it may need to adjust its model to expand to other US markets, possibly by offering smaller coliving spaces with fewer residents.
Cohabs, a Belgian-founded coliving company with 14 locations in New York, offers shared living spaces for Gen Zers and millennials. Renting rooms in fully furnished homes with up to 28 other people can provide a more affordable alternative to traditional apartment rentals, especially in Manhattan, where the median rent is high. The company aims to foster a sense of community among its members, who have access to amenities like gyms, lounges, and organized social events.
While coliving has gained popularity in recent years, it has a long history rooted in communal living traditions. Companies like Cohabs offer a modern take on shared housing, providing fully furnished units and communal spaces for residents to socialize. Through events like parties and group dinners, residents can form tight-knit bonds with their housemates.
Cohabs’ model may not be for everyone, as some critics question the high monthly rents for relatively small rooms in shared homes. However, residents like the convenience, social opportunities, and sense of belonging that come with living in a Cohabs house. The company is planning to expand to new locations in Washington, D.C. and Chicago, with a focus on creating a real home for its diverse group of members.