Business Model Of Co-Using Spaces And Risks

Recently, the concept of co-sharing economy has become increasingly prevalent. The concept of co-sharing is not only limited to physical objects but also include spaces, for example, co-working spaces and co-living spaces and these two have been seen to merge into co-sharing space.

Co-working spaces have become increasingly prevalent. They are very popular in cities with a strong entrepreneurial culture and prohibitive rent – such as New York City and Hong Kong.

The market has developed the concept of co-living from the concept of co-sharing space. In mid-2017, for instance, a property developer struck a deal in purchasing an ultra-luxury complex in Shouson Hill Road and converted it into 270 co-living space as small as 80 sq.ft. for leasing to young graduates, jobseekers, professionals. In fact, many other real estate investors and even small hotel operators are looking to enter this market as there is a strong demand for smaller units amidst of sky-rocketed