Tech Hub Co-Living
If you wish to live in an entrepreneurial city without committing to a full move, staying at a co-living space at a technology hub is a great option. Whether it’s to expand your network or to give your startup a boost, these co-living spaces have a network of locations you can choose from, and are usually quite involved with the local tech scene. You’ll learn a lot for sure from attending their events and from collaborating with your fellow co-living mates.
Location: US cities (NYC, Venice Beach, Hawaii, and more), Costa Rica, Puerto Rico
Description: Outsite offers luxury private accommodations that can be rented by the day, with the benefit of access to a co-working space and a likeminded community. It caters to both digital nomads and business travelers that are keen to experience its style of “New Networking”.
Pros: Many beautiful locations around the US, now expanding internationally; Their annual membership allows you to stay at any of those properties and a free trial is available; depending on the location, the price of rooms can be as low as $1125 a month.
Cons: Limited capacity of less than 7 bedrooms per location means that Outsite rooms may not always be available when you need them.
Location: NYC, Washington DC
Description: WeLive is the experimental co-living venture of WeWork, a global company with a $20 billion valuation that provides shared working spaces and a community. Its Wall Street location opened in 2016 with 200 units, and has since also expanded to Washington. WeLive is great for busy professionals who are looking for easy access to a likeminded community.
Pros: Month-to-month membership is possible; members have access to “We Community” events.
Cons: Studios and apartments are slightly above market price ($1,500 in DC and $3,050 in NYC for a studio); and the price does not include a desk at WeWork.
Description: The Collective is the first co-living space in London, and has generated a lot of buzz in the city. Young professionals love this place as there are weekly parties and a luxury spa on site. There’s a large community of 500+ co-living members, though residents say that it doesn’t feel too big due to the various living spaces available.
Pros: Affordable housing priced from $1,300 a month; access to co-working spaces; great social activities.
Cons: Small rooms (100 sq feet, with shared kitchens); a minimum of 4 months rental is required.
Location: San Francisco
Description: Startup Basecamp is billed as the gateway to Silicon Valley for entrepreneurs. It offers economical accommodations options in a city where rent prices are often prohibitive, and gives a supportive ecosystem for startups looking for a break in the Valley.
Pros: Affordable housing from $1,400 a month (for shared accommodations) with an access to a network of entrepreneurs, events, and startup support services; Daily rental is available.
Cons: It’s meant to be a short-term solution for entrepreneurs, with only a 16-person capacity.