URBIN was recently featured in South Florida Business Journal article “Rental Market Surge Puts South Florida Workforce At Risk”.
From the article:
“One way to make apartments more affordable is to live with roommates, a trend Miami-based Location Ventures aims to tap into with its Urbin brand. The developer has co-living and coworking projects under development in Coral Gables, Miami Beach and Coconut Grove, with another planned in Fort Lauderdale. The company will rent by the bed for just over $1,000 a month and sell other on-site services, such as wellness plans.
“Our thesis is to put people in the heart of the most in demand submarkets, right in the urban center,” CEO Rishi Kapoor said. “The trade-off is a smaller footprint for personal space, but they the amenity that is the community.”
However, not all cities allow co-living. Kapoor said cities should embrace creativity in housing design to enhance affordability and allow more of the workforce to live here.
Click HERE to read more from the South Florida Business Journal article.