Work from home. People use an extra room as an office instead of a roommate. Commercial property is at lower capacity. It’s a refit in how we use space.

I would not be surprised if there was an increase in seperate ons and increase in people living without others, irrespective of work arrangements. What’s odd, is that there has not been a rejigger again since rents started rising.

I think travel was also booming after Covid, so airbnbs were probably going gangbusters. Not so much any more, but the market probably hasn’t adjusted yet.

It’s probably a combination of all of these, and other factors.