Co-living is on the rise, set for a major national expansion in dense markets where housing affordability is an issue. Co-living is a new term, but is in many ways a throwback to a more communal time; New York featured residential hotels in the early 1900s which is a close parallel. Renting out a co-living room is an increasingly attractive option for single young professionals (who are used to high-service living arrangements like student housing), divorcees, and many others who seek to combine affordability, convenience, and community over larger amounts of private space.
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