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How are coliving and coworking redefining hospitality? – Part 2

  • m.welsch
  • 23 May 2025
  • 2 minute read
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This article was written by HospitalityOn. Click here to read the original article

Coliving: the convergence of rental property and hospitality

image

Ongoing development

While coworking is redefining the way we work, coliving is rethinking the way we live. Halfway between shared accommodation and hotel residences, this concept has managed to carve out a (small) place for itself on the French property scene.

“The coliving market took shape in France in 2017 and exploded in 2019 and 2020, when it appeared under the radar of the general public and the mainstream media. It has been expanding rapidly ever since. We’re still a long way from the number of beds operated using this model in the United States, the United Kingdom or Asia, but France is catching up.” – Claire Flurin, urban planner and co-founder of Co-Liv

Although this is still a niche market, representing 0.2% of the rental market, it has nevertheless seen remarkable growth in the space of a few years: according to Xerfi, the number of coliving beds available in France has jumped by 70% between 2021 and 2023, representing more than 14,000 beds, nearly half of which are located in the Paris region.

On a global scale, this market is estimated to be worth 15 billion dollars in 2024, with annual growth of 7.5%. And Europe is currently the third largest market (20%), behind Asia-Pacific (40%) and North America (35%), according to Business Research Insights.

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To return to the French market, it is recording steady growth, with 8,300 sites by 2024, spread across more than 30 towns and cities. This growth is being driven by investors who believe in the model and are investing accordingly, with no less than €430 million mobilised in 2023.

And investment is unlikely to slow, with many players predicting that the market is promising, with 35% of rentals likely to be in this form over…

Please click here to access the full original article.

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