The Future of Work and Living Is Changing in 2024

I have been working remotely and from different countries for the past eight years of my life. The idea of walking into an office on a daily basis for me now is absurd.

The way we work and live has and will continue to evolve and change in the future to come. In December of 2023, I attended a digital nomad conference hosted by Vivel. There, I had the opportunity to speak on a panel alongside other experts in the world of remote work and travel regarding the future of living, sustainable travel, and trends digital nomads and entrepreneurs should pay attention to in the industry.

Coliving: A Growing Trend

In 2024, coliving has become increasingly popular, particularly in vibrant hubs like Lisbon. This trend caters to the needs of digital nomads who seek a sense of community and long-term stays.

Coliving spaces offer not just a place to live but an environment for sharing resources and experiences, fostering both personal and professional development. These spaces are diverse, ranging from single-residence coliving spaces to global networks, allowing for a nomadic lifestyle.

Examples/Case Studies:

• La Vita Sukha
• Co-living
• Outpost

Remote Work Evolves

The landscape of remote work has undergone significant evolution. The hybrid work model, blending remote and in-person work, is now commonplace, offering flexibility and a balance of collaboration and independence.

Technological advancements play a pivotal role in this transformation, with AI personal assistants, virtual reality workspaces, and blockchain technology emerging as key tools. These technologies offer hyper-personalized work environments, ensuring productivity and well-being in the remote work context.

The Rise of Digital Nomadism

Digital nomadism, blending professional work with a nomadic lifestyle, has seen a significant rise. This lifestyle offers the allure of work-life balance and the freedom to explore the world. Social aspects, like community building and maintaining a healthy work-life balance, are central to this trend.

However, digital nomads face challenges like finding reliable internet connectivity and managing healthcare and insurance needs. The proliferation of digital nomad visas and remote work policies post-pandemic has further facilitated this lifestyle, inlcuding the rise of digital nomad visas being offered worldwide.

Coworking Spaces: Meeting Grounds for Professionals

Coworking spaces, though not a new concept, have adapted to the needs of remote workers and digital nomads. These spaces provide necessary facilities and serve as convergence points for professionals from diverse fields. They not only offer a place to work but also opportunities for networking and collaboration.

Find coworking spaces near you.

Company Restructuring for the New Era

As remote work and digital nomadism gain traction, companies are restructuring to accommodate these trends. This includes adopting flexible work policies, investing in technology for seamless remote collaboration, and evolving HR policies to support a globally dispersed workforce.

Sustainability in Focus

Sustainability is a key focus in the coliving community, with eco-friendly practices being increasingly adopted. Energy-efficient designs and waste reduction initiatives are commonplace in coliving spaces, reflecting a growing awareness of environmental impact.

The Role of Technology

Advanced AI, AR, VR, and blockchain technologies are integral to the future of remote work. These innovations enhance the digital nomad experience, making remote collaboration more seamless and efficient. They're transforming virtual workspaces and playing a crucial role in compliance and regulation in the remote work landscape.

These trends not only redefine where and how we work but also impact our lifestyles, emphasizing flexibility, community, and sustainability.