Can co-living help ease the tight housing situation in urban centres? Debate has swirled around this topic in Germany in recent months, but it is a long-established fact that apartments are hard to come by in economically successful German cities.

That can make life hard, especially for well-educated professionals. They frequently change jobs and locations at short notice and are also are expected to be flexible and mobile. Many are drawn to city life for its own rewards, too – including career opportunities in innovative industries. To take advantage of these opportunities, though, they need a place to live. Quickly being able to move into a new place, without excessive logistical effort is a decisive location benefit not only for the much-vaunted digital nomads.

Unfortunately, these requirements are far from the current reality in big cities where it can take months to find an apartment. Luckily, an alternative is emerging in German cities that may remind many of their college or apprentice days: co-living. Residents move into their own efficiently designed, compact room, which is often fully furnished, but share kitchens, utility rooms and community areas with others. Quite like a dormitory, in other words – but much better appointed.

“Co-living cannot solve our big housing problems. However, it can provide an alternative to the tight traditional housing market for people starting a new job in a different city,” explains Dr Konstantin Kortmann, JLL Head of Residential Investment. “Co-living is for more than just young professionals, though; it is a good option for people who will be staying in a new city only briefly for work reasons, perhaps on a temporary posting.” For both groups, co-living provides not only instant access to move-in-ready housing but also the opportunity to quickly meet people in a new city thanks to the social aspect of the community living areas.

And this may be just the beginning. Demographic changes are bringing forth these new housing models. Urban dwellers already account for a large slice of the European population, but their share will grow further to 81 percent by 2050. Many will be under-30s with jobs that require them to find flexible, affordable living space. In short, co-living is probably still far from peaking.