Tiny co-living spaces are popping up across New York. Local communities see them as ‘harbingers of gentrification’
NegativeFinancial Markets

Tiny co-living spaces are emerging in New York, particularly in Brooklyn's Crown Heights, where a new 19-bed complex by Cohabs is raising concerns among long-term residents. While these spaces offer affordable housing options for younger individuals, they also symbolize gentrification, leading to fears of displacement and loss of community. As rents soar and local charm is marketed, the tension between new developments and existing residents highlights the ongoing struggle for affordable housing in urban areas.
— Curated by the World Pulse Now AI Editorial System