Living conditions are changing and with them the demands on homes. New forms of living are the answer. Various concepts that go beyond traditional housing models are characterized by community, individuality or sustainability. One of these new forms of living is micro-living.
The first New Living Expert Circle in Munich showed why investments in micro-living are promising for the future and what needs to be considered. Experts discussed the potential of micro-living and new living projects. The collaboration between Prof. Dr. Thomas Beyerle (Faculty of Business Administration) and BelForm GmbH & Co KG, who are experts in the fields of micro-apartments, co-living, serviced apartments and temporary living, resulted in a well-founded analysis.
Investments in micro-living, i.e. in small apartments and compact residential units with a size of 18 to 35 square meters, prove to be sustainable and crisis-proof, especially in times of crisis. Micro-living is not a short-term fad, but a response to the changes of our time. Changing user needs, urbanization and the multi-mobility of many people make this flexible form of living a bridge to the traditional housing market.
A key strategy for creating new micro-living units is the conversion of existing buildings. While prices for offices in A-locations in A-cities continue to rise, they are simultaneously falling in B- and C-locations, which is reflected in the rising vacancy rate. Hotels, offices and department stores are standing empty, while the housing shortage in larger cities is increasing and demand for small, flexible and compact residential units is rising. Conversions can transform and revitalize vacant commercial properties into micro-apartments, serviced apartments, coliving or senior living units.
"Conversion projects enable contemporary living in existing buildings and are an important key to sustainable urban development," explains Prof. Dr. Thomas Beyerle from the Faculty of Business Administration with a focus on construction and real estate.
Photo: © Vika Glitter, Pixabay
