The “coliving” offer soars in Spain with over 60 developments

The increase in demand for this type of asset has led to a doubling of the number of vacancies in Spain.

In Spain, it is anticipated that the supply of coliving and serviced flats will double with more than 7,800 new bedspaces in the coming months, adding to the existing 6,000. Investors such as Aermont Capital, Greystar, Mazabi, Bain Capital, Brookfield, Meridia, and All Iron, along with developers such as Momentum, Dazia, and ARGIS, have backed flexible rental flats, designed for short stays and with additional services.

The consultancy classifies these accommodation formats into coliving, smart living, and corporate living, highlighting the evolution of the flex living model towards complete buildings in cities such as Madrid and Barcelona, and its expansion to other areas such as the coast and islands.

The investment in these projects and the pipeline under development will involve investments of millions of euros in the coming years, with ARGIS anticipating reaching 5,000 flexible flats in 2025 with a total investment of 650 million euros.

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