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Housing & Urban DevelopmentOpen
Pitch a Co-Living Model for Young Professionals Moving to Port Harcourt
Develop a business model and investor pitch for an affordable co-living product targeting young workers aged 22 to 30 relocating to Port Harcourt for oil sector and tech jobs. The city has a severe shortage of decent, safe, mid-range rental housing for people who arrive without a local guarantor.
The brief
Port Harcourt draws a steady stream of young graduates from across the South-South and South-East, arriving for roles in oil servicing companies, logistics firms, and a growing fintech scene. Many spend their first months in expensive short-let apartments or crowded family connections because landlords demand one or two years of rent upfront and a local guarantor. Neither condition is easy to meet when you are 24 and new to the city.
Co-living, where residents pay monthly for a furnished private room within a shared facility including kitchen, laundry, and common areas, has worked in Nairobi, Lagos Island, and Accra for exactly this demographic. The model reduces the upfront barrier, builds community among young professionals, and can generate better yields for property owners than traditional tenancy when run well.
Your task is to build a business model and pitch deck for a Port Harcourt co-living product. Define your target customer precisely: income range, job sector, how long they typically stay. Choose a neighbourhood, justify it. Show a unit economics model for a pilot of 20 to 30 beds. Address how you handle the guarantor problem and how you price against existing alternatives.
Deliver a twelve to sixteen slide pitch deck and a one-page financial model in a spreadsheet. The deck should be good enough to show a property developer or early-stage investor. Good work will show real Port Harcourt rental market data, a credible path to profitability, and honest treatment of the risks, including security, power costs, and tenant default.