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WATCH: Developers and co-living operators shed light on the growing industry
Common bedrooms rent for 15% to 20% less than a studio apartment and come with services
Co-living is becoming a growing segment of South Florida’s multifamily market amid increased competition within the sector and from conventional apartment developers, according to a group of such developers and operators.
“Sure, there’s competition. But it’s a big opportunity,” said Brian Lee, senior director of real estate at Common, on a panel on co-living and other new housing trends targeting millennials recently at The Real Deal’s Sixth Annual Miami Showcase & Forum.