Co-living Revolution: ₦2.5M vs ₦8M - How Shared Spaces Cut Housing Costs 70%

The Co-living Revolution

Co-living spaces are transforming the Nigerian housing market, offering affordable alternatives to traditional rentals while fostering community living.

Cost Analysis

• Traditional 1-bedroom apartment in Yaba: ₦8M annually
• Co-living space in same area: ₦2.5M annually
• Average savings: ₦5.5M per year (70% reduction)

Market Performance

Yaba tech hub shows 45% higher occupancy rates for co-living spaces compared to traditional rentals at 68% in the same locations.