Places

New York is so expensive that millennials and Gen Zers are paying more than $900 a month to share small bedrooms, but residents say they get more out of co-living than just a place to sleep

9 days ago   |   By Business Insider

Joey Hadden/Business Insider
The median monthly rent price for a one-bedroom apartment in New York in 2020 is $3,000, according to Zumper .
This can be out of reach for the average millennial and Gen Zer. Based on the average millennial's yearly income, millennials should only be spending around $998 a month on rent .
Millennials and Gen Zers are still making their way to metropolises like NYC and San Francisco, and some of them are doing it thanks to a modern twist on an old trend, co-living spaces , where strangers share a home .
Outpost Club is a co-living company with houses in New...
Read more ...

 

Inside a New York City 'ghost kitchen,' where 6 delivery-only restaurants share fridges, dishwashers, and counter space

Inside a New York City 'ghost kitchen,' where 6 delivery-only restaurants share fridges, dishwashers, and counter space

9 days ago   |   By Business Insider

Ghost kitchens are a new type of restaurant model in which several restaurants share a kitchen and many of the operating costs.
These restaurants are delivery-only and rely on apps like Uber Eats and Grubhub.
We toured a ghost kitchen and found out why it's creating opportunities - and challenges - for the food industry.
Read more ...

 


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