Let’s stop for a minute and think back to college. Think back to those communal living areas; to having your closest friends a mere staircase away. Forget about the messy kitchens.
There is a fairly new concept being introduced into Buenos Aires’ real-estate market, and it combines the best memories of your college years with a luxurious upgrade. Casa Campus has brought co-living to Argentina.
Co-living, to put it bluntly, is what its name denotes: shared housing. What you did in college could be considered co-living, as can the means through which boarding schools manage themselves.
Now, the same concept is being introduced into the world of the millennial-working crowd. Casa Campus is combining that campus experience — minus the roommate world-war-three-type arguments on the AC’s temperature being too low— with a cool startup company type ambiance.
A co-living infrastructure, while its styles may vary, is persistent on the following luxuries: private rooms, extensive amenities, and shared communal areas. Like I said, your campus life but with a concierge, a pool on the terrace, and — although this might be wishful thinking — mature neighbors making a living for themselves, just like you.
Casa Campus was fast to act upon a gap in the market and has brought the oh so hot concept of co-living to Argentina. This young company is the first of its kind in Latin America, congrats you guys.
There is currently one finished location in Argentina, and three more are on their way. All of which are walking distance from the country’s first-tier universities. By the end of this year, Casa Campus will have a capacity of 600 residents in 4 buildings.
But they won’t stop there. In the next 5 years, they intend to incorporate 38 buildings into their conglomeration. The buildings will be scattered throughout LATAM, achieving a portfolio of around 10,000 beds.
This entire concept is mind-blowing and might save us all from an impending, lonely future. We all know millennials’ independence grows extensively every day. Experts estimate, that by 2020, 40 percent of all work will be able to take place remotely. This means most of us will not be tied to offices, leading to us having barely any social interaction. It’s safe to say companies like Casa Campus have solved an issue most people didn’t even see coming.
This all sounds great. But you’re probably wondering: how much will I have to take out of my pocket? Casa Campus charges rooms at USD $550 monthly rent. For reference, a one-bedroom apartment in Argentina is priced at AR $6.800 which can be converted into USD $425 (following a conversion rate of AR $16 a dollar).
These prices don’t even compare to co-living prices in New York! Co-living space Common, located in NYC, has released its prices which round about USD $1850. I know we’re talking about NYC, but even this sounds a bit excessive.
Just picture it. You manage your own schedule, you do free-lance work from a living room filled to the rim with other working millennials, and you get a gym and a pool.