July 20th, 2023
- Casilda Mulliez & Urbanitae discuss the growth of coliving while she reflects on Urban Campus’ recent expansion and future plans.
The interview discusses the growing popularity of coliving as a housing trend in Spain. Coliving involves residents sharing common spaces and living in a community, providing an alternative to traditional residential rentals. Urban Campus is dedicated to creating and managing coliving buildings, emerging in 2016 to address the changing needs of younger generations who prioritize digital services and community living.
Urban Campus in Valencia
Urban Campus manages several coliving buildings in European cities, including Lille, France and multiple locations in Madrid. The company recently launched its first greenfield coliving building in Valencia, Spain with support from White Investing and Batipart. This building features 41 studios with shared amenities such as a gym, coworking spaces, and a rooftop terrace. The coliving model is targeted at young professionals, and Urban Campus offers a variety of inclusive services, creating a comfortable and welcoming community for long-term stays.
The Concept of Coliving
The coliving concept aims to add value to rental housing by offering fully furnished, turnkey solutions with quality standards and shared spaces. For investors, coliving provides a stable return similar to residential assets, but with an additional market premium that makes it appealing. The coliving market is still relatively new in Spain and Europe, with various players and different concepts being explored.
Urban Campus plans to expand its presence in Spain by considering projects in Barcelona and Malaga, while also exploring opportunities in other cities like Palma de Mallorca and Bilbao. The profile of colivers is typically young professionals between the ages of 25 and 40, both Spanish and international, who prefer the coliving option for its community-focused living experience.
Overall, coliving it is still a relatively small market compared to traditional residential rentals in Spain and Europe. However, it is seen as a positive development in the real estate industry, offering an improved rental experience and attracting investors due to its stable returns and market appeal.
Read the full interview here.