(CBS) - It's not just companies and employees that are embracing shared space. There's a new trend emerging in major cities that has residents moving into shared living spaces.
Developers behind the concept say they believe it's the solution to two big issues: affordable housing and a sense of community.
Misti Schindele has the luxury of space in her new home, but she doesn't pay a fortune for it. A rarity in high-priced New York City.
That's because Misti shares not just an apartment, but an entire building, outfitted with group kitchens and common areas.
The 36-year-old social media blogger is part of a new wave of city developers moving into communal living complexes where living with strangers is actually part of the appeal.
"I was like, I can go from 9 and a half years of basically living by myself to now living with a community and then I realized that I actually wanted the community," Misti said.
She has a private bedroom and her own bathroom. Her building is owned by Common, which has properties in San Francisco, Chicago and Washington, D.C.
Misti pays $1,650 a month in Brooklyn where the average rent for a one bedroom is about $2,500.
"But we just opened a building in Chicago where rent starts at 950 a month," said Brad Hargreaves, founder and CEO of Common. "All of our pricing is all included. Utilities, WiFi, shared supplies, cleaning and it's fully furnished.
Hargreaves founded Common, one of a number of developers cashing in on shared living.
The creative forces behind We Work recently debuted a similar high-end concept called "We Live," which offers group exercise and even a bar.
Misti likes co-living so much she just renewed her lease for another year.
Common said the median age of their residents is around 30 years old, but they have people living in these shared spaces into their 60s.