Flex Living is an evolving housing model that offers flexibility and convenience, typically involving short-term leases, furnished units, and often including various services and amenities.
Core Characteristics of Flex Living:
- Short-Term Leases: Flexible lease terms, often month-to-month or shorter, catering to individuals seeking temporary accommodation.
- Furnished Units: Units are typically fully furnished, reducing the need for residents to bring their furniture.
- All-Inclusive Services: Rent often includes utilities, internet, and sometimes cleaning services, simplifying the living experience.
- Community Focus (often): While not always a primary focus, some Flex Living arrangements may include communal spaces or organised social activities.
- Target Demographic: Attracts young professionals, digital nomads, business travellers, project-based workers, or anyone needing temporary housing.
How Flex Living Differs from Other Housing Models:
- From Traditional Apartments: Flex Living offers shorter lease terms and more services than traditional apartments.
- From Serviced Apartments: Service apartments are less flexible in lease arrangements than Flex Living, focusing more on privacy with a minimal emphasis on shared experiences.
- From Coliving: While both emphasise community and shared spaces, Flex Living often prioritises convenience and flexibility over a strong sense of community. Leases can be shorter and the commitment level is less intense than in some coliving spaces.
- From Extended Stay Hotels: Flex Living provides a more residential feel with larger living spaces and kitchen facilities, whereas extended-stay hotels often offer more hotel-like services.