Sharing community resources will not only strengthen the relationship between residents in the neighborhood, but it will also contribute to accessibility and sustainability.
The project is headed by IKEA's Innovation Lab — Space10, and architecture studio EFFEKT. It will make it possible for residents to buy "shares" of community real estate on a month-to-month basis. As their ownership is "progressively increasing," individuals will have "the potential to cash [...] in at a later date."
The Space10 and EFFEKT work together to diversify the 'Urban Village Project' by making the space useable for multiple generations and the dynamic more tightly knit through policies that encourage individuals to have the mentality for sharing community resources. What this entails is that there will be a degree of social cohesion when it comes to "daycare and transport, local water harvesting, communal dining, and urban farming initiatives."
Multi-Generational Subscription Housing
Space10 & Effekt Focus on Sharing Community Resources
Trend Themes
1. Multi-generational Housing - The concept of multi-generational housing is a disruptive innovation opportunity for the real estate industry.
2. Sharing Economy - The sharing economy trend presents an opportunity for the hospitality industry to innovate and offer new rental options.
3. Community Building - Community building is a trend that presents disruptive innovation opportunities for various industries including real estate, architecture and urban planning.
Industry Implications
1. Real Estate - The real estate industry can leverage the multi-generational subscription housing trend to tap into new markets and develop more flexible and affordable housing solutions.
2. Architecture - The architecture industry has an opportunity to explore innovative solutions that promote collaboration and community building in housing projects, such as shared spaces and amenities.
3. Urban Planning - The trend towards shared community resources highlights the importance of urban planning in creating sustainable and inclusive living environments that foster social cohesion and environmental consciousness.