Joshua “Josh” Weisfeld is a New York-based asset manager who oversees the running of multiple properties. As an asset manager, Joshua Weisfeld works at a realty company and has become knowledgeable about the housing market.

Housing in urban areas continues to change. Thus, new living patterns have emerged.

A co-living space is any space rented collectively by a group of people. Although these people share the same roof and have communal areas, they sign separate and individual contracts with the property owner. Most co-living spaces avail the occupants of private bathroom and bedroom systems. However, rooms like the kitchen and dining area are often shared.

On the other hand, co-housing refers to a pattern of cohabitation where a group of people shares a living space with a different purpose. Most co-housing spaces involve a single contract involving all occupants, unlike their co-living counterparts. Also, except for the bedroom, people practicing co-housing share almost all the areas in the living space.