Colico Living Ltd reposted this
𝐓𝐡𝐨𝐮𝐠𝐡𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 - 𝐔𝐊 𝐂𝐨-𝐋𝐢𝐯𝐢𝐧𝐠 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭: https://lnkd.in/engj3Gab Flexibility, Affordability & Community The UK Co-Living sector is now growing at pace, underpinned by a substantial and varied demand pool. 𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬: · 𝐑𝐞𝐧𝐭𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡: Private Rented Sector (#PRS) rents have increased by 43% over the past three years across London and the ‘Big Six’ cities. · 𝐆𝐫𝐚𝐝𝐮𝐚𝐭𝐞 𝐑𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧: Cities with high graduate retention, like #London, #Manchester and #Birmingham, are key Co-Living target markets. · 𝐀𝐥𝐥-𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐚𝐧𝐝 𝐀𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞: Starting rents from £1,550–£1,750 pcm in London make Co-Living an affordable and flexible alternative to a ‘house share’. · 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐏𝐢𝐩𝐞𝐥𝐢𝐧𝐞: 9,000 Co-Living units were submitted for planning in 2024 – a record year and up 87% from 2023. · 𝐒𝐭𝐫𝐨𝐧𝐠 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: The latest generation of Co-Living schemes have seen strong lease-up rates and high occupancy levels. · 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: With inflation stabilising and build costs easing, delivery is expected to accelerate and investor confidence is growing. 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬: Our report features interviews with a Developer - Ali Reza Ravanshad (DANDI), an Investor - Chris Saunders CFA (DTZ Investors), and an Operator -Katherine Rose (VervLife), providing unique insights into the sector and how it is shaping the future of the UK rental markets. Press: Green Street News: https://lnkd.in/gbzPeNRT Contact: Lizzie Beagley | Verity Cubitt | Marcus Roberts | Charlie Bottomley | Paul Wellman | Mark Thomson | Gareth Turner MRICS | Sophie Jackson Savills #OCM #CoLiving #Living #RealEstate #PRS #PBSA #BuildToRent #SavillsResearch