As the past year has shown, the need for safe, reliable, and modern housing solutions is at an all-time high. Young professionals feel the burden of rising rent in cities across the country, and many are faced with new challenges as they navigate new places to live, work, and build community.
Behaviors towards living and working have changed. Many people feel the need for new models of innovation in housing, community, and more.
Alcove provides a solution to this issue, and solves for both tenants and homeowners and property managers.
Alcove takes an inefficient housing supply (larger single family homes) and turns it into more usable and efficient spaces with technology, and renters everywhere are able to access what they once couldn't. Ultimately, they are given more choice and flexibility in housing options.
For homeowners, market conditions have made it difficult to meet yield targets. Alcove allows them to find greater yield with higher occupancy over the long run while catering to a new population of renters. It's a win-win scenarios for both sides.
Alcove is expanding to one of the fastest growing metro areas in the US - Charlotte, NC. We can't wait to continue building communities and providing coliving for the millions of Charlotte metro renters, both newcomers and long time residents.
Charlotte was recently ranked #20 on US News Best Places to Live in the US. It sends a clear indicator to many young professionals that the Queen City is among the best fastest growing cities in the US for quality of life and job growth potential. Cheers to growth in the Queen City!
the Alcove Team