WCM publish first global coliving trend report

Worldwide Coliving Membership (WCM) publish Flexible Living Trend Report 2023 Vol.1, Life in Coliving Space.

Flexible Living Trend Report 2023 Vol.1, Life in Coliving Space published by SK D&D Episode and Worldwide Coliving Membership (WCM) | BTR News

SK D&D Episode and Worldwide Coliving Membership (WCM) publish Flexible Living Trend Report 2023 Vol.1, Life in Coliving Space, on global trends in coliving. WCM is an international private organisation of coliving brands and operators that was established and is led by SK D&D’s brand, Episode. Seven companies in seven members’ countries – including the UK, Spain, Japan, the Philippines and Australia – have joined as members and are engaged in networking activities to promote and develop coliving culture, including sharing insights and partnerships. WCM plans to expand its coverage to continents around the world by securing over 20 additional members in 2023.

As part of this effort, WCM carried out a survey project to acquire and analyse information on residents’ lives and their satisfaction with spaces and services, with the aim of gaining insights into better urban life. The survey was administered to 462 participants living in five different countries (South Korea, Japan, Spain, the Philippines and Australia). The survey was conducted online with questions based around residents’ views on coliving and their satisfaction levels. Additionally, the survey probed participants’ interest in sustainability and their views on environmental practices.

According to the report, residents of coliving spaces prioritise ‘new experiences’ over economic factors. Out of all respondents, 78.8% said they wanted ‘new experiences’, such as the space provided by coliving and hobbies through the communal spaces, which was higher than those who cited ‘cost reduction’ (57.6%).

Residents cited ‘communal areas’ as the biggest advantage of coliving. 81% of respondents who had experience using communal spaces said that they have had a ‘new experience’ through using communal spaces. More than half of residents (58%) said that coliving made them feel closer to their neighbours. Many residents of Episode said that they had new experiences through community programs and communal spaces and built closer local networks, leading to positive evaluations and analysis.

86.6% of respondents said that the fact that the coliving space is managed by a corporation and not an individual had a positive impact on their living experience. The reasons for this were excellent management of facilities, financial safety, effective communication and differentiated residential services.

“While better urban lifestyle and a more sustainable life are common interests of all individuals, this survey has been of great help in understanding the common values or differences of residents of different cultural and social backgrounds.

“Moving forward, Episode will continue to make efforts to conduct various kinds of research to deduce what users value, and will reflect it in their spaces and services.”

SK D&D Spokesperson

Episode was recognised with a 2021 Coliving Award for Best Coliving Operator. The company has also been recognised in various international settings for sustainable marketing and design – by winning silver at The Content Council 2022 Pearl Awards and platinum at The 2022 MarCom Awards.

Episode operates WCM to encourage coliving brands, operators and residents around the world to interact and provide discounts and benefits from global coliving operators. Participating operators in different countries, including Campus Perth in Australia, Coimpact Coliving in Spain, Episode in Republic of Korea, Gravity Coliving in the UK, MyTown in the Philippines, POHA House in Germany and Share house 180 in Japan, have been joined in the membership.