Common Living, which started off in the co-living space, has been expanding its portfolio to include management of multi-family properties as it hopes to become a leading residential brand for today’s renters.
The company’s core business model is operating all-inclusive apartment rentals in urban centers that offer amenities such as modern furnishing, utilities, supplies, and weekly cleanings at an affordable price. Common is able to make the economics work by designing smaller or shared spaces.
Since its founding in 2015, Common operates 45 buildings in eight cities – New York City; Chicago; Los Angeles; the San Francisco Bay Area; Fort Lauderdale, Fla.; Philadelphia; Seattle; and Washington, D.C. It is adding more than 15,000 beds under its management in 22 cities across the globe, including Atlanta.
Common has chosen Atlanta to be the home of its second headquarter. It will house teams in architecture, interior design, software engineering, operations, and more. The company has agreed to invest $7 million in establishing the Atlanta HQ, creating 274 new jobs in the city, which was announced by Georgia Governor Brian Kemp last week.
“I am excited to bring Common to Georgia and create a new headquarters in Atlanta, a city with world-class talent and a strong sense of community,” said Common CEO and Founder Brad Hargreaves. “This new location will allow us to invest in substantial growth while maintaining a high quality of life for our employees – all toward the goal of improving the quality of rental housing across the world. I look forward to growing with such a great city and am thankful Common gets to call Atlanta home.”