Earlier this year, when Cole Kennedy, 23, moved back to New York City to work at a startup, he bypassed the traditional real estate rites of passage – paying through the nose for a broker, searching Craigslist for potential roommates or lugging a futon up four flights of stairs – and instead unpacked his duffle bag and laptop at Common, a new common living (or "co-living") space in Brooklyn. He didn't even need to bring a toothbrush, because Common provided him one.

Common CEO and founder Brad Hargreaves, who previously co-founded computer programming school General Assembly, says he hopes his startup (which plans to open several more buildings in New York next year) will alleviate some of the frustrations of urban apartment hunting.

"In metro areas like New York, Washington, D.C., Los Angeles and San Francisco, it's a struggle to find a place to live," Hargreaves says. "[People] end up in roommate situations, matching up with people they met online through Craigslist, and they don't necessarily know these people, there was no process, there was no vetting." Common, on the other hand, interviews prospective members and runs criminal background checks.

Co-living spaces like Common are popping up in a small number of U.S. cities and abroad (notably in London, where The Collective is slated to open next year), combining private and shared spaces with activities aimed at creating a deeper sense of community than you'd find in an anonymous high-rise apartment where residents avoid eye contact on the elevator or in the laundry room.

"It's not like a dorm room where you must connect every time you go in the bathroom," says Troy Evans, who plans to open Commonspace, a co-living space in Syracuse, New York, next spring. "You can connect when you want and be private when you want."

The first floor of the Commonspace building includes co-working space and the upper floors will offer 21 units for co-living (one of those units will be occupied by a resident community manager or social engineer). "We [Evans and his business partner John Talarico] wanted to add this living version that was all centered around a social atmosphere," Evans says. He hopes the building will become a "connection hub for Syracuse," or a place for "experiencing the city, connecting with like-minded people [and] contributing to the neighborhood."

Kennedy says he was initially leery of forced "family bonding activities" but has found that Common lets him interact with other residents on his terms. The community offers social events such as bowling and potluck dinners, and Kennedy helped create a book club with other residents.

Another selling point: Co-living is priced comparably to studio apartments in the area (around $1,000 in Syracuse and $1,500 to $1,950 in Brooklyn, according to the respective founders) but often includes extras such as utilities, cleaning for the common areas and access to community events. (At around $850 per month, Commonspace actually costs less than a nearby studio option.) "We provide kitchen and bathroom supplies, coffee, tea – things that otherwise roommates would have to fight over what to buy," Hargreaves says. (Kennedy says Common's kitchens are so well-equipped he's not even sure what to do with some of the gadgets.) The units are also fully furnished.

Co-living offers more flexibility than the traditional 12-month lease. Commonspace plans to offer a minimum six-month lease term (and is investigating shorter options), while Common's minimum stay is one month. Hargreaves says this allows residents to move out if their personal or professional life takes them elsewhere while eliminating tenant-landlord tension over subletting (which wouldn't fit with the space's vetted community orientation).

The community orientation and flexible, low-maintenance lifestyle of co-living may seem tailor made to appeal to busy millennials, especially those new to the city, but Hargreaves stresses its appeal is much wider. "We have the age range in that the building goes from 19 to 43," he says. "They're looking for a flexible, community-minded place to live, people that [are] willing to sacrifice some private space for a lot more access to shared space. We like the diversity of backgrounds and occupations in the space."

Of course, co-living isn't a completely revolutionary concept, but it's being managed with a 21st century twist. "If you look at world history, there's been much more common living than there has been individual living with shared courtyards, commons, villages," says Jeff Ferrell, a professor of sociology at Texas Christian University in Fort Worth, Texas. "There's a long human history of negotiating the boundary between private and public."

Often, the shared living communities of yore existed around common religious beliefs or other values. This new breed of co-living boasts residents with more diverse interests and backgrounds, which could be a double-edged sword, according to Ferrell. "Ideally, you'd be sharing a learning process where you become a more fulfilled person," he says. "But with different interests and different lifestyles, there could be some conflict as well. That's one of the dynamics of collective living." (And one that anyone who's lived with diverse roommates can understand.)

Still, the residents and founders of these spaces have high hopes for the future of co-living. "Human beings are social animals," Talarico says. "I think that people will tend to be happier and more fulfilled when they have social connections."

Tags: real estate, renting, housing, millennials, New York City, San Francisco, entrepreneurship


Susan Johnston Taylor has contributed to the money section of USNews.com since 2011, covering everything from personal finance apps and spending strategies to mortgages, insurance and estate planning. Her articles on business and personal finance have also appeared in or on The Atlantic, The Boston Globe, Learnvest, Entrepreneur and Fast Company. Susan's goal is to offer readers new insights and practical ways to save money, advance their careers or improve their lives. You can find her on Twitter @UrbanMuseWriter.