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Co-working was last year's squeeze. This year - not least with a planned 22-floor luxury tower of shared accommodation and amenities in Stratford, London, called The Collective - it's all about co-living.

Most young professionals moving to thriving cities face a difficult choice between spending a big share of their income on renting their own place, or moving in with strangers in a shared house to save money. The Collective offers something different. This is not a student dorm, however. It is home.

With a rooftop terrace, games room and secret garden, The Collective Old Oak could easily be mistaken for an exclusive private members' club, based purely on its prospectus. And in many ways, that is exactly what it is.

For these millennials the solution might lie in co-living developments, where they can rent a furnished room in a building with effective management, a range of onsite facilities and the chance to socialise with like-minded people... residents of The Collective Old Oak are getting more bang for their buck.

Its expanding facilities offer a 21st-century alternative to flat-sharing.