Ever heard of co-working? Well, this takes co-habitating a new meaning. With San Francisco’s tight housing marketing, residents are starting to think outside of the box and revolutionize an old idea of co-habitating. The demand for 1-2-3 bedroom apartments are extremely competitive currently, but demand for 10 bedroom mansions, not in this economy. There are a handful of mansions housing tech startups around the city and bay area.
Here’s a renovated Victorian mansion across from Alamo Square houses 10 startups under one roof. I was lucky enough to get a tour from one of the occupants. They have a Great Room furnished with kitchy retro decor where all the walls is a giant chalkboard motivation board. Their living room was designed to house a bullpin of computer stations the call the “War Room.” The use of dry-erase paint on the walls make it easy for the ad-hoc meetings that occur many times a day. The house also has a music room, ping pong, billard table, community kitchen, bunk beds to pile in the bootstrappers, large deck facing Alamo Square. Some bedrooms have private baths, whereas some are shared.
Sure its the “Real World” tech style, but it goes beyond convenience. The benefits of these arrangements is intangible yet significant. The increased productivity gained, forged friendships, partnerships formed, synergy of share resources, network and peer feedback makes this simply priceless. These occupants are selected by the company that holds the lease, thus holds the risk, but this gives the most flexibility in terms of lease terms, especially for the international entrepreneur where it’s more difficult to get a lease or sub-lease. There are several mansions like this already and the company that has the lease to this mansion is planning to expand operations. Check www.airbnb.com for some options.