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Posted: 2016-04-15T12:51:15Z | Updated: 2016-04-15T15:50:13Z

How much would people be willing to pay to have friendly neighbors, fridges stocked with beer and professionally decorated social spaces right down the hall from where they sleep?

If WeWorks latest endeavor takes off, the answer is a lot. The shared workspace company is offering rooms for rent in hip, dorm-like "coliving" spaces. The company opened the first of its WeLive residences earlier this month at 110 Wall Street in New York City's Financial District. Rent starts at $1,375 a month for a two-person shared studio, or $2,000 for an individual studio.

Personal space is compact in this building overlooking the East River. The average bedroom is 450 square feet and comes fully furnished. The units are fitted with Murphy beds that fold into the wall. Shelves are plentiful, so personal possessions stack vertically to save space.