|Founded||2015New York Cityin|
|Brad Hargreaves (CEO)|
Common's typical co-living tenants lease a private bedroom within a fully furnished apartment that includes amenities like weekly cleaning services. As of April 2019, Common says it is "the largest co-living operator in the United States, with 700 beds in 25 properties across six cities": New York, Los Angeles, San Francisco, Chicago, Washington, D.C., and Seattle.
Tenants in a typical co-living arrangement each have their own lease, covering their bedroom and shared spaces in a group suite. In Common’s case, those bedrooms and suites are fully furnished, and the cost of cleaning and maintaining the shared spaces and providing kitchen and bathroom supplies (not to mention utilities and Wi-Fi) is bundled into the rent. Common is able to keep rents lower, Hargreaves says, in part “by densifying these buildings,” putting more units within the same spatial footprint than you’d find in a typical apartment property.
In March 2019, Common partnered with New York real-estate developer Tishman Speyer to launch the brand Kin, whose "buildings will feature playrooms, family-size units and on-demand child care through an internal mobile app that also helps connect families looking to share nannies and babysitters."
Common is actively expanding to Philadelphia, Atlanta, Pittsburgh, and San Diego, and has plans for projects in New Orleans and Miami. The company's first international expansion is slated for 2022 in Ottawa, Canada.
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