The Dormification of New York is upon us. Just one month after developer Young Woo & Associates announced plans to bring a series of co-living spaces to the city, Brick Underground points out that San Francisco-based company Campus has premiered its take on communal living in Manhattan. Campus, whose name really just rubs in the whole adult dorm thing, has a few bedrooms available throughout the city, like a 150-square-foot room in Midtown asking $1,900 per month and an 80-square-foot room on the Upper West Side asking $1,480, neither of which are terribly economical. So why is communal living even a thing?
↑ Campus's Upper East Side property.
According to Brick Underground, communal living is a legal way to rent personal space short-term. Here's how it works,
A company (or single tenant) rents a large, multi-room apartment, furnishes the communal spaces and then subleases individual, unfurnished bedrooms out to others. In general, only one person is on the lease and those renting out the bedrooms are not. There's also always a minimum lease time, since it's illegal to rent a place for less than 30 days in NYC. Whatever the case, Young Woo & Associates has Campus beat with their communal living concept's name: The Hive.
· Does The New Communal Living Trend Actually Make NYC More Affordable [BU]
· Developer Plans New York City Dormitories For Grown-Ups [Curbed]
· Live In a Two-Bedroom Kips Bay Apartment With 21 Roommates [Curbed]