Co - living company Common has announced plans to increase capacity to 10,000 residents , up from the current 1,000 , and to operate in more US cities . The firm has operational buildings or buildings under construction in several cities . The last year of coliving growth has suggested more institutional investors are beginning to take interest. Founder and CEO Brad Common said the co - living market is based on trends including salaries not keeping pace with rental prices and adults putting off marriage and staying in cities for longer while also having a job . He said competitors had once just been start - ups but now are established firms and investors . Its developers fund the new buildings while Common runs them when complete .
Co - living company Common has announced plans to increase capacity to 10,000 residents , up from the current 1,000 , and to operate in more US cities . The firm has operational buildings or buildings under construction in several cities . Founder and CEO Brad Common said the co - living market is based on trends including salaries not keeping pace with rental prices and adults putting off marriage and staying in cities for longer while also having a job . He said competitors had once just been start - ups but now are established firms and investors . Its developers fund the new buildings while Common runs them when complete .