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Best free workspaces new york city12/11/2023 ![]() ![]() Some made temporary pivots, like Outpost Club, which housed medical workers helping fight the pandemic in NYC. The Covid impactįaced with a slowdown, co-living companies reduced rents by as much as 30 percent to entice renters. We also include links to interviews with co-living renters who describe what it's like to live in this type of communal housing. ![]() Our guide breaks down the different niches targeted by these co-living brands, what they offer, how much they cost, and where the newest buildings are located. (Our guide presents the companies in order of minimum stay, starting with the shortest companies with the same minimum stay are in alphabetical order.) It should also be noted that several co-living companies are now also offering more traditional rentals, where you can live alone or with roommates you find yourself. That’s not to say that the pandemic didn’t have an impact on the industry it experienced a downturn like the rest of the NYC rental market, a result of New Yorkers leaving the city because of job losses or school closure, or other reasons.īrick Underground has been tracking co-living companies, and counts 15 companies currently operating in New York City-the same headcount from two years ago. However, a surprising number of co-living companies remain, and there are even new players in the field. (Quarters still operates co-living locations in Berlin, Amsterdam, and The Hague.) Tribe, a smaller company founded and still operating in San Francisco, also pulled out of the New York market. It's true that a few companies are no longer operating in NYC: The largest is Quarters, which filed for bankruptcy in January after a $300 million expansion in the U.S. You would think that co-living, which essentially puts strangers together in apartments, would have been decimated by the Covid-19 pandemic, but that has not been the case, at least not for most of the companies that were in Brick Underground’s last survey of this phenomenon that is disrupting the New York City rental market. ![]()
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