Demonstrating the need for Co-living development and quantifying its wider benefits
Co-living is a rapidly growing sector in the UK – from nascent beginnings in London, it is backed by institutional capital and is radiating out to the country’s towns and cities. Despite the sector’s recent growth, the need for Co-living and the benefits that it can deliver are seldom understood. In an era of viability challenges it is imperative that these messages are made loud and clear in the planning process.
The benefits can be wide-ranging and impactful. On a strategic level, it delivers much needed new homes at higher densities in highly accessible urban locations. It has the potential to free up existing housing stock and increase delivery on previously developed brownfield sites. New buildings are sustainable and shared communal facilities and amenity spaces associated foster social interaction to combat loneliness and mental health challenges.
Lichfields has long been the market leader in quantifying the need for, and benefits arising from, a wide range of development types. Building on this expertise, Co-pacity provides a bespoke toolkit that demonstrates the case for Co-living development by identifying local need and quantifying its economic, social and environmental benefits.
