Germany
Regional Session

The Co-Revolution: Living, Working, and Learning Together

From students to young graduates, news paths to enter the professional landscape are emerging. Modern communication, technologies and the ubiquity of internet access makes it possible to work from wherever, whenever: facilitating the contemporary ‘gig-economy’. It often eliminates the need to go to an office at all, potentially risking social isolation and detachment. In response to this phenomenon, a workplace evolution has been taking place in which new, serviced working environments emerging going far beyond the traditional office are emerging.

OUTLOOK

Download JLL’s Germany Investment Market Overview

FIVE TOP LEARNINGS

1. For real estate investors, developers and operators it is fundamental to understand that demographical and societal changes go much faster than the typical real estate cycles.
2. Student numbers in Germany keep on rising, both overall as the share  of internationals. This trend pushes strong demand for student housing, both in first- and second-tier cities.
3. Young professionals got acquainted to improved PBSA experiences, which has raised both demand and expectations for co-working and co-living spaces. Trends flow through.
4. The most important aspects users of co-spaces are looking for are community & serendipity, flexibility & affordability, style & services.
5. Co-living follows PBSA from an investors perspective. Although we see a growth in investments, there is still a strong need to share trends and best practices on the product.

Programme

Trends Panel

The Trends panel followed the theme The Co-Revolution: Living, Working and Learning Together and concentrated on how communal living typologies for recent graduates are learning from experiences in student accommodation. Stemming in part from increased costs of living in the most congested cities, co-living platforms offer an attractive alternative to otherwise archaic housing options.

Investment Panel

This panel discussion focused on the hard investments into German PBSA: major new projects and transactions, yields/ROIs, demand-supply imbalances, differences in investment interest by location, shifting student demands and product type.

Hosting Presentation

Micro Living Europe – The new life cycle asset class: Brands, Stock and Pipelines, Rents and Yields

Union Investment and Bulwiengesa jointly presented first key insights of their new study covering the asset class Micro Living as a whole, including the Student Housing as well as the Business- and Service Apartment sector for nine European markets. This new study focuses not only on the key brands, current supply and pipeline as well as market rents and yields but will also provide a broader background on the economic environment, regulations and the higher education system in each country market.

Speakers

In the Media