6 buildings full of millennial must-haves
Millennials might not be buying houses as early as previous generations did, but make no mistake: They care about where and how they live.
Fifty-six percent of renters in 2016 were millennials, according to the Zillow Group Report on Consumer Housing Trends. Even though they aren't all looking for homes yet, millennials have the same top priorities as other homebuyers when it comes to finding a place to live. They want to locate a place that fits their budget and live in a safe neighborhood.
The more unusual top priority for this generation is finding a home that allows pets.
Millennials are more community-minded than older adults as well, according to the Zillow report, with 55 percent saying they're involved in their neighborhoods or surrounding communities.
That community spirit is clearly expressed in the extra building amenities millennials say they want, according to a recent survey conducted by the National Multifamily Housing Council and real estate research firm Kingsley Associates. Millennials are twice as likely as baby boomers to prioritize outdoor recreational facilities, 18.4 percent more interested in fitness centers and 13.7 percent more interested in having access to a lounge area or party room in their living communities.
Adding amenities like these often comes at a premium, but many millennial renters are willing to pay a little more for a gym in their building or movies, lectures, pool parties and cookouts organized in their own ready-made communities. In some cases, residents can even find these extras at a discount compared to what they would pay outside of their buildings.
From Manhattan micro-apartments with housekeeping and community yoga to Amsterdam lofts designed with traveling professionals in mind, these living spaces are luxurious, efficient and, in many cases, all about finding great roommates.
Click ahead to see six communities with features that are millennial-approved.
The Promenade is part of the Foundry Campus in Providence, Rhode Island. Located on the former site of Brown and Sharpe Manufacturing Co., the campus is made of 13 commercial and residential buildings that have been restored and are listed on the National Register of Historic Places.
Built inside a historic mill building, The Promenade features modern amenities like an indoor pool (with a retractable roof), a movie theater with stadium seating and on-campus concierge services.
The Promenade has over 100 different floor plans available, with units ranging in size from "metro" (essentially a small studio apartment, between 375 and 538 square feet) to two-bedrooms (between 1,122 and 1,640 square feet). Each unit comes outfitted with stainless steel kitchen appliances, tiled baths and exposed brick. Rent for units at The Promenade starts at $1,200 per month and goes up to $2,950 per month.
Ollie at Carmel Place
Located in Manhattan, Ollie at Carmel Place is one of five all-inclusive co-living buildings currently operated or being built by Ollie across the country. This building, in particular, has received an award for architecture from the American Institute of Architects (AIA).
Ollie at Carmel Place offers "hotel-style luxury" with regular housekeeping and high-speed Wi-Fi. Renters can also enjoy in-building laundry, a gym, lounge and rooftop terrace. The building hosts events like social mixers and yoga classes that residents can attend.
Ollie at Carmel Place
Ollie at Carmel Place houses 55 micro-studio apartments ranging between 260 and 360 square feet with rents starting at $2,775 per month and going up to $2,935 per month, utilities and community events included. Units come furnished and have high ceilings and Juliet balconies.
The Collective Old Oak
The Collective Old Oak aims to provide its members with a unique way to live and meet people in London. Like Ollie at Carmel Place, The Collective Old Oak is a co-living space focused on creating and developing a tight-knit community of residents.
The building has 10,000 square feet of shared spaces, including a gym, community kitchen, spa, laundry room, library and restaurant. The building also offers activities, like barbecue parties, talks and networking events.
The Collective Old Oak
The Collective Old Oak has 591 fully furnished micro-units ranging in size from en-suite rooms to studios to two-bedrooms. Units start at £230 (about $296) per week and go up to £460 (about $592). Utilities, room cleaning and a full-time concierge come included in rent.
Roam, with locations in four major cities around the world and another building in the works, is geared toward people hoping to build a "location-independent lifestyle." Roam Miami is located in the Little Havana area of Miami. The building itself, originally built in 1908, is the city's oldest boarding house.
It features a pool, co-working spaces with private rooms for meetings or calls, a shared kitchen, multiple shared living rooms and outdoor space for movies and events.
Roam Miami has 38 furnished rooms with seating areas and private bathrooms. Residents can stay weekly or monthly on a "pay as you stay" program that lets renters come and go as they like. Rooms start at $600 per week, utilities included.
Zoku is a home-office hybrid space located in the Eastern Canal District of Amsterdam in The Netherlands. Like Roam, Zoku is geared toward traveling professionals. The building incorporates many shared community spaces, like a kitchen/restaurant, communal work space with Wi-Fi and punching bags, 24-hour store, living room and game room/music corner.
Zoku lofts in the building can be rented for one night, but they're geared more toward residents who plan to stay for a while.
Zoku Amsterdam has 133 micro-units of various sizes, ranging from 172 square feet to 323 square feet. It even offers "bootstrap" rooms with bunk beds and tiny work spaces available for short-term stays on a budget. Zoku lofts come fully furnished with an art-swap program that lets renters change out the art in their lofts to personalize the space.
Each loft has a built-in kitchen and en-suite bathroom. Lofts start at €110 (about $123) per night and go up to €180 (about $202) per night.
Rather than one building packed full of amenities and community spaces, HubHaus is a network of 41 co-living houses spread across Los Angeles and San Francisco. Houses in the HubHaus network, like Libra Haus (pictured above) come with fully furnished community spaces that include Wi-Fi, a TV and kitchen essentials.
The HubHaus team matches residents to their housemates and organizes events and outings for the entire HubHaus community.
Libra Haus in the Sherman Oaks area of Los Angeles is a six-bedroom, 3.5-bathroom house with high-speed Wi-Fi, bundled utilities and a deck with a hot tub. The shared spaces in the house benefit from a twice-monthly cleaning included in the rent. Each house in the HubHaus network is different, but Libra Haus currently has a room available to rent for $1,225 per month.