Smart Colivings: Unleash the potential of your shared spaces with technology

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The Coliving format has an occupancy rate of more than 95% throughout the country. Coliving represented 31% of investments in Flex living, a residential subsector, in the first half of 2023. Already in 2022, it had a turnover of 433 million euros.

Polaroo
7 min read
Β·
Sep 14, 2024

️ New free guide for colivings managers! 🏘

We launched the guide Smart Colivings: Unleash the potential of your shared spaces with technology where you can find:

🏘️ An analysis of the Coliving sector in Spain

πŸ’‘ Strategies to maximize efficiency and profitability

πŸ€– How to use technology to optimize management and reduce costs

πŸš€ Success stories of colivings that have transformed their supply management

Some of the most relevant aspects of this guide are:

3 Keys to understanding the context of the Coliving sector in Spain

  • Growth: The coliving sector in Spain has experienced a notable boom in recent years, driven by the growing demand for flexible living spaces and community environments among young professionals and remote workers. Projections indicate that by the year 2025, The supply of beds in Colivings will reach 20,000 units across the country.
  • Challenges: Despite this growth, many colivings face challenges such as high tenant turnover, the complex management of multiple services and the need to optimize operating costs. Cicle Global Real Estigues, mentions that Coliving in Spain can offer returns between 5% and 8%.
  • Opportunities: Digitalization and the adoption of emerging technologies offer a unique opportunity to improve the efficiency and experience of residents in colivings. Likewise, introduce sustainable practices in coliving to reduce operating costs and attract guests committed to the environment.

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Download the Smart Colivings guide here

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3 technologies to make Coliving more efficient

    • Energy monitoring platforms: Implementing solutions to automate tasks such as collecting invoices, delegating management with suppliers, monitoring consumption and costs, and contracting cheaper rates reduces human errors, improves operational efficiency and can increase profitability.‍
    • Artificial Intelligence: Applying artificial intelligence algorithms to predict demand for services, optimize resource allocation and personalize the residents' experience, improve decision-making, increase efficiency and customer satisfaction.‍
    • Internet of Things (IoT): Use IoT devices to control the consumption of energy, water and other resources, thus optimizing operating costs. Examples: Smart thermostats, motion sensors, automated lighting systems

Take advantage of this guide and get all the information you need to boost your Coliving to the maximum.

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