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The pandemic has changed a lot of things about how young people go about their lives –– from how they stay connected to friends and family, to how they use digital tools in day-to-day work. And while the pandemic isn’t over yet, we are beginning to see how some of these changes are leading to larger and perhaps more permanent adjustments in lifestyle. So in this post, we want to look specifically at some emerging ways of life that have come about as a result of the pandemic.

Digital Nomadism

The need for remote work led a lot of people to discover that they could do their jobs from any location in the world. As a result, the number of people who identify themselves as digital nomads has increased significantly. And while “Digital Nomads” author Robert Litchfield has pointed out that this trend actually started before the pandemic, it’s undeniable that Covid-related conditions sped it up. We will likely see even more employees (as well as freelance workers) taking up “digital nomad” lifestyles moving forward, even as the pandemic subsides.

 

Coliving

Rising prices in the housing markets have pushed a lot of young people to look for alternative solutions. This has helped give rise to coliving, which goes hand-in-hand with the digital nomadism trend to some extent. Having emerged in Silicon Valley (where it has long been possible for people with similar professional ambitions and backgrounds to link up in shared housing), the coliving trend is now evolving into co-working spaces with housing components. This is not only providing a new working and living model for young professionals in general, but also making it easier for them to get situated in cities like Paris or Madrid, which are beautiful and fascinating, but also rather expensive to rent or buy property in. And while coliving is not necessarily cheaper than other alternatives, it provides an all-inclusive blend of living and professional benefits that is invaluable to professionals, entrepreneurs, and freelancers alike. Space in a coliving environment is easy to book (thanks to flexible leasing arrangements) and provides access to energetic communities of like-minded professionals. It is for many an ideal environment in which to live and work independently.

 

Remote & Mobile Housing

Aside from the trend toward coliving, digital nomadism is also leading many independent workers to consider remote and/or mobile housing. Regarding remote trends, the pandemic inspired many move out of cities and toward suburbs and the countryside. A report at The Local cited 59% of Île-de-France inhabitants wishing to live somewhere less stressful following lockdowns, and the same percentage mentioned a desire to be closer to nature. Similar sentiments have been echoed across much of the world.

While many are leaving the cities are buying up suburban or countryside homes, this trend of migration has also coincided with a rise in mobile home-usage. Various reports have indicated that the RV business is thriving as people look for more flexible, untethered living arrangements (though the quality of RV camps is inconsistent, and some are more conducive to work than others).

Generous Living

While the previous two points concern working and living situations, there are also changes in how people conduct themselves. For one thing, young people have also become increasingly aware of how a large part of the population has to deal with unfair working conditions, as well as limited access to basic needs like education and healthcare; income inequality has also become more visible. However, Fareed Zakaria’s book “Ten Lessons For A Post-Pandemic World” suggests that the pandemic has also given us opportunities to change things like these for the better, and produce a more equal, empathetic society. And it’s in this vein that we’ve seen people adopting more generous lifestyles: Young people have driven movements for social change throughout the pandemic, and CNBC reported even early in the pandemic that 3 in 4 millennials had donated money. These trends suggest a move toward more equality-driven living.

In-Person Living

While technology made it possible for people to stay connected during lockdowns, it also helped to demonstrate the limitations of digital-only social interactions. Sources from the hit streaming special “Inside” by Bo Burnham to Buzzfeed News articles quoting mental health experts have helped to highlight young people’s growing discomfort with fully digital social lives. And as a result, we’re seeing young people emerging from the pandemic pointedly prioritizing in-person social activity –– somewhat ironic in what is supposed to be the age of the metaverse. This is not to say that young people are surrendering social media or digital tools by any means. But they are making a point of recognizing and valuing human-to-human connection.

As this trend solidifies, it is also important to mention that government entities and urban planners have a responsibility to accommodate it. One of the few heartwarming aspects of the pandemic at its worst was that we did see major cities around the western world reorganizing and redistributing space –– providing more biking paths, wider walking avenues, and large spaces for safe outdoor dining. And in some cases, there have been indications that these changes will be permanent, or at least inspire long-term changes; for instance, a write-up at Forbes details plans for some 650 kilometres of cycling space to be built into Paris, in part at the expense of sidewalk parking spaces. This is only one example, but it speaks to how the growing preference for “in-person living” needs to be supported by the facilitation of such a lifestyle.

It’s an understatement to say that the pandemic brought about unprecedented change for people of all ages. But it’s also inspired younger generations to develop their own innovative solutions to different issues. As a result, many people have more flexible ideas regarding where to reside, how to work, and how to interact with and treat other people.

Exclusive for urbancampus.com by Aspen Emery

 

With this new residence, Urban Campus will manage 3 buildings for the Socimi ELIX Vintage Residencial.
This new project will be located in Áncora street in Madrid and will open officially in September 2022.

The first full building coliving operator, Urban Campus, boosts its national expansion with the opening of its fourth coliving in Madrid: Urban Campus Atocha

This is the third asset that the company operates with Socimi ELIX Vintage Residencial. After a positive experience with the two previous projects (Malasaña Madrid Coliving and Mellado Madrid Coliving).

Both companies share a transformative vision of the residential market, which is adapting to new living models, where social connections are promoted and where new work and leisure habits have evolved the way in which projects are developed to adapt to new residential needs. Additionally, Urban Campus is one of the only operators that manage its buildings under strict ESG criteria, with an efficient operation thanks to its transparent data registration system for both investor and tenant, increasing the efficiency of its assets, thanks to efficient management, marketing & sales efforts.  

For Maxime Armand, COO and co-founder of Urban Campus, “With this new opening we are strengthening our commitment to Spain. Furthermore, our track record in residential assets management, adapting them to the concept of coliving, is an added value for companies such as ELIX Vintage Residencial, with whom we have great synergies”.       

Urban Campus Atocha will have a total surface area of over 2,800 m2, the largest coliving that the company has operated so far, with other larger buildings planned in the short term. It will have 57 studios and the largest communal areas ever designed for a coliving. It will be located at Calle Áncora 20, in the dynamic neighbourhood of Delicias, very close to Atocha station. 

The project will complete its refurbishment works in the last quarter of the current year and its residential options will be: 22 studios for two tenants with shared living room and kitchen and 35 individual studios with their own living room and kitchen.

About Urban Campus

Founded in 2016, Urban Campus is the first operator of complete coliving buildings. With its innovative model, it is redefining the rules of residential housing in major European cities by offering coliving & coworking spaces adapted to new lifestyles. With a DNA of its own, based on satisfying the new residential needs of young professionals in major cities, it offers quality buildings, fosters community and provides a new residential experience overall. 

About ELIX Vintage Residencial 

Elix Vintage Residencial SOCIMI, S.A. is a real estate investment vehicle specialising in the acquisition and refurbishment of residential properties in central areas of Madrid and Barcelona. Elix VRS currently has 30 buildings in different development stages. This patrimony is focused on covering the different residential rental needs, ranging from traditional housing to medium and short term housing, including corporate and coliving.

 

For further information:

Marta Torres Vilas
+34 636 484 866
marta.torresvilas@urbancampus.com

 

Ana, our Head of Operations Iberia, was interviewed in EjePrime.

In this interview, she talks about Urban Campus and our plan to end the year with more than 250 units in Spain.
She also explains our evolution in the last years, occupancy rates, and our expansion plans in Spain and Europe.

Click here to read the full interview.

Casilda, our Head of Business Development in Spain, was interviewed in Valencia Plaza.

In this interview, she talks about Urban Campus expansion in Spain, and about our new Coliving in Valencia “Ayora Valencia, Coliving”.
She also details why we have chosen Valencia, to open a new Coliving and how the Coliving market has evolved after the Covid pandemic.

Click here to read the full interview.

Urban Campus was featured in an article in “Le Monde” about the rise of “coliving”, a new space for cohabitation.

“We create places to live and work”: the rise of “coliving”, a new space for cohabitation

Some companies are offering residences or houses for employees of the same or different companies, often with the help of external service providers.

Halfway between coworking and flat-sharing, the concept of “coliving”, which arrived in France a few years ago, offers individuals the opportunity to live in large shared buildings, which have many common areas and provide the users with a full programme of activities (gym, coworking, restaurant, bbq, workshops…).

Making Living SustainableMaking Living Sustainable

An external operator manages and animates the space, the services are similar to the ones provided by hotels, and all bills are included in the monthly price. Forms of coliving vary, from small houses with handpicked residents to large residences with hundreds of rooms. According to a study published at the end of 2019 by the real estate subsidiary of the bank BNP Paribas, the market only offered 5,000 unit, but since then the number of coliving units continues to increase exponentially.

This new practice is aimed primarily at young workers, who are looking to avoid high rents at the beginning of their careers and want to meet new people. “Co-living affects urban, young, single people who live alone and find it difficult to leave the academic environment,” notes Monique Eleb, a sociologist specializing in housing.

Companies have started to propose this type of accommodation, when they hire an employee or send them on a project, as co-living is a very attractive offer for this kind of profile, notes Claire Flurin, co-founder and administrator of the international association Co-Liv. “Before the Covid crisis, we already had strong signals, particularly in the tech sector, with requests either for rooms in coliving sites, or entire coliving residences dedicated to the company, similarly to Google campus.

Shared Offices

Urban Campus Coliving Madrid

The concept facilitates remote professional activity, as an extension of coworking. For example, shared offices with Wi-Fi and printers can be part of the equipment. “In our coliving residences, a large workspace is included in the common areas”, describes Maxime Armand, co-founder of Urban Campus. “The concept is both housing and coworking spaces, on the ground floor or first floor, with comfortable seats, a double screen… We want to create places to live and work”, explains, Géraud Le Merrer, digital and marketing director of Sharies.

Read the full article in French in le Monde

With a long track record in other countries, the residential model in which leisure spaces are shared and ‘networking’ is encouraged between residents, the “Coliving”, attracts foreign companies that want to expand in Madrid, Barcelona, and Valencia.

The interest for C0living, grows among young people in their 30s, many of them entrepreneurs or linked to creative professions. Coliving is a new style of living that attracts a tenant profile who seeks the privacy of a room with a bathroom but, at the same time, shares spaces with other residents of the building. 

  • In the gym, living rooms, and dining room you can enjoy moments of leisure and can forge friendly relationships.
  • In the workspaces collaborations, contacts, and new business projects are favored.

Projects in other countries such as England and the United States are popular, and now, coliving is gaining momentum in Spain, where this residential formula, in which you pay a monthly rent with the right to use your private space and access to common services, is becoming well-known. Coliving can be something similar to a university dorm, but with more facilities and addressed to professionals who are looking for a different lifestyle.

Madrid and Barcelona are the main cities, in which coliving companies, which have important expansion plans in Spain, land. One of them is Urban Campus, founded in Paris by Jonh Van Oost in 2016, an entrepreneur with years of experience in the real estate sector and investing in start-ups. A few weeks ago the company closed a financing round for seven million euros, a capital that will reinforce its growth in Europe. Madrid was the first European city where Urban Campus began its operations. Urban Camps already manages two complete buildings (120 units), located in the Argüelles and Malasaña neighborhoods. The spaces stand out for their colorful, functional, and optimized design, with monthly prices ranging between 700 and 1,600 euros. These rates include a room with its own bathroom, studio or apartments, WiFi, Netflix, cleaning service, and access to common spaces such as kitchen, dining room, terrace, and gym…  In a few minutes, the new tenant can formalize the renting process through their in-house developed platform, and move into their new residence for the desired period.

Professional diversity

The head of operations of the company in Spain, Ana Martínez, explains that “the tenant profile is between 27 and 40 years old and they are self-employed, employed by large corporations or professionals with experience who are studying an executive master’s degree ”. This professional diversity is sought after. “We not only want to offer them a different experience on a personal level, but we also care about their personal development. We encourage networking among our clients which, on occasions, leads to new entrepreneurial projects ”, explains the manager. As a result of these professional relationships during the confinement, five projects arose. One of them, Martínez explains, is Copper Dating, a quick video dating app, launched by two residents of the Urban Campus. The company is already looking for new locations in other cities, such as Barcelona and Valencia, to reach 2,500 beds in two years.

Urban Campus Coliving in Expansión

 

Detachment from property

New lifestyles, the rise of remote work by so-called digital nomads, and especially detachment from property among young people are the main reasons that Damien Harburguer sees in the growing demand for this residential model. This entrepreneur, of Argentine origin, launched Flipco last year, together with his partner Gabriel Honoré. “We are heading towards a new housing paradigm, especially among the younger generations. They feel very comfortable prioritizing use over property, ”argues the entrepreneur. If the coliving sector matures in the coming years, Harburguer sees a future in which changing homes or cities will be easier and more flexible, “without investment in furniture, or high guarantees, deposits or complex contracts” , defends. The firm already has several apartments available in the Madrid neighborhood of Tetuán, with rents ranging between 400 and 830 euros, which give the right to services such as cleaning, gym, WiFi, and a workspace. Some buildings have roof terraces to relax at the end of the day. The company will gradually add new locations in the capital thanks to the agreement reached with the Israeli fund Argis. “Our partner has invested 50 million euros in acquiring, renovating, and equipping new properties that we will take care of managing,” explains Harburguer. The new offer will be located in Madrid, Seville, Malaga, Valencia, and the Balearic Islands.

Urban Campus Malasaña Madrid Coliving lounge

Urban Campus Malasaña Coliving Lounge

Buy to grow

For Habyt, a firm born in Berlin in 2017, the Spanish market is also strategic. The injection of two million euros received in February helped it to acquire the Madrid-based coliving operator Erasmo’s Room, an operation with which it now has 500 beds, carried out months after its first purchase in the capital last year. The flats are located in different buildings, all of them located in central areas of the city such as Gran Vía, La Latina, Chueca, or Malasaña. Habyt has more than 1,000 units in Europe. “Southern Europe is a huge opportunity for us and this is where we want to continue studying new purchases to compete in this sector ”, highlights Edoard Archetti, the company’s marketing director.

On the other side of the Atlantic

Starcity is another of the foreign players making their way in Spain. Created in San Francisco, the cradle of global entrepreneurship, the company has raised more than 70 million dollars in financing (58 million euros). He landed in Barcelona in early 2020 at the hands of Esteve Almirall. After spending a few years in the US and seeing the possibilities of this residential model, he assembled the Starcity team for the expansion of the company in Spain, which currently has 150 beds in three buildings in Barcelona. “In May we will open the first building in Madrid in the Tetuán neighborhood, an area that we see with great possibilities because it offers quality housing at reasonable prices, within the M30”, says Almirall, director of Starcity for Spain. The company offers prices between 500 and 900 euros per month with services included. “One of our values ​​is that we buy and manage the buildings. This is how we control the entire process of work, with a very careful design and furniture ”, he explains.

What about the future?

Almirall sees a future residential panorama where these shared homes will have more and more weight, “being a business where large real estate companies will enter”. A scenario shared by Juan Manuel Pardo, director of the residential sector of the consulting firm JLL, who once again recalls the impossibility of the majority of young people to access a home that they own and as this shared option “adapts very well to their demands ”. Labor mobility is, according to Pardo, another factor that will favor the rise of coliving. “The INE assures that 12% of Spanish workers have changed municipalities in recent years, another indicator that reflects the opportunities of this formula as an option for a temporary residence until the place is achieved. suitable for the definitive one ”. And, like most emerging businesses, regulation takes longer to arrive. The JLL manager believes that a law that regulates coliving is essential, “since it would speed up the implementation of the model and its better adaptation to the needs that society demands today,” he argues.

You can read the full article in Spanish here.

Press Release: Urban Campus raises €7M From Nexity and Batipart to accelerate its development

  • Urban Campus designs and manages coliving and multifamily residences in Europe on behalf of institutional investors. 
  • The company announces that it completed a €7M funding round with Nexity and Batipart to expand into new markets.

Paris 8 April 2021,

Urban Campus,  which designs and manages coliving and multifamily residences in Europe on behalf of institutional investors, announces that it completed a €7M funding round with Nexity and Batipart to accelerate its development.

Urban Campus manages 2 residences in Madrid and has a robust pipeline of more than 30 projects in key European cities. The company developed its proprietary technology platform, Dunbar, which is at the core of its operations. Dunbar has a resident-centric interface, optimizes all key residential processes, and enables community management applications.

John van Oost, Urban Campus’ CEO said «We wish to warmly thank Nexity and Batipart for their confidence and support. Both organizations understand the attractiveness of the booming build-to-rent (BTR) sector and the uniqueness of our technology platform. They share our ambition and objective to deliver an enriched residential experience to tenants whilst optimizing the financial returns for institutional investors.»

«Nexity continues to support Urban Campus with whom we collaborate on a number of large coliving and BTR projects in France, Italy, and Germany,»  said Fabrice Aubert, Nexity’s Secretary-General. «We strongly believe in the development of the residential rental market and its value proposition, both for the residents and for investors, with access to common spaces and high-quality services as well as, positive social interactions.»

«Batipart is delighted to participate in Urban Campus’ funding round. We were impressed by the experience that Urban Campus gained in Madrid for the last 3 years and its unique technology platform. We want to support Urban Campus as it accelerates its growth», said Louis Bayon, Batipart’s Managing Director.

Urban Campus was advised by Laurent Camilli at Clearwater International and Pierre-Alexandre Kahn at Weil Gotshal & Menges.

About Nexity

With more than 11,000 employees and €4.9 billion in revenue in 2020, Nexity is France’s leading integrated real estate group, with a nationwide presence and business operations in all areas of real estate development and services for individuals, companies, and local authorities.

Our services platform is designed to serve all our clients as their real estate needs evolve. Firmly committed to focusing on people and how they are connected with each other, their cities, and the environment, Nexity was named the number-one low-carbon project owner in France among real estate developers ranked by BBCA in 2020, is a member of the Bloomberg Gender-Equality Index (GEI) and obtained Great Place to Work certification in 2020.

Nexity is listed on the SRD, Euronext’s Compartment A, and the SBF 120.

About Batipart

Family group founded by Charles Ruggieri in 1988, Batipart invests in and develops projects in the real estate, hotel, and tourism sectors in Europe, Africa, and North America.

In Europe, the Batipart group is active in 7 countries – Germany, Spain, France, Italy, Portugal, Switzerland, and Luxembourg – through its offices based in Luxembourg, Paris, Toulouse, Madrid, and Milan. Its European assets represent €4 billion under management.

In Africa, Batipart is a hotel operator and investor, with more than 20 hotels owned and managed, representing over 700 employees in more than 15 countries.

In North America, Batipart is a real estate investor and operator in Canada and the United States, in partnership and through Cogir Immobilier. With nearly €5 billion in assets under management, COGIR owns 700,000m² of commercial, industrial, and office properties, as well as retirement homes, and employs 3,500 people in Canada and the United States.

Press mentions:

 

 

Urban Campus contributed to the newest edition of “Coliving Insights, Co-Tech: Innovating Coliving with Technology” , magazine.

Our article explains how we have created a differential rental experience through Dunbar, our in-house developed digital platform. We also explore why we believe Coliving Operators should invest in technology.

This edition includes 140+ pages of insights from 25+ contributors that dive deep into the significance of technology solutions that we find within the real estate industry, and explore how to integrate them to innovate and enhance your coliving space, experience, operations, profitability, and sustainability.Urban campus Coliving insights Dunbar

 

Our article, written by our Product Manager, Hélène Maria, explores why companies should invest in Proptech as a Coliving Operator, and presents Dunbar, our own digital platform to facilitate operational management, leverage data, and enable growth and scalability to fulfill Urban Campus’ expansion ambitions and enable us to focus on what matters the most; our clients.

To download the Coliving Insights publication, click here.

Urban Campus is a finalist in the first-ever edition of the Coliving Awards.

We have been nominated in 2 categories!

Coliving Awards is the first award show dedicated to highlighting key innovators, actors, and ideas that are shaping the coliving industry, and contribute to the development of this asset class transforming the future of living.

 

Urban Campus Coliving awards

 

The 2021 awards ceremony will take place on May, 6th, after a final vote, which you can participate in by clicking the following links.

You can also head out to the Coliving Awards website for a description of each nominated project.

Thanks to the Coliving Awards team for nominating us and to our great community! We could not be prouder.
We would also like to congratulate the other nominees for their great work and ambition to make the coliving industry flourish.

 

Ever wondered what the main differences between Urban 🏢  and Rural 🏔  Colivings are?

In this episode of the Co-Liv podcast, our Head of Operations Iberia, Ana Martínez de Lizarrondo Asurmendi and Edo Sadiković from Sende discussed the main differences and how both models adapted to the Co-vid pandemic, hosted by Co-Liv Ambassadors in Spain:

Sounds interesting? listen to the full podcast (In Spanish).

Urban Vs Rural Coliving Co-liv podcast