How Student Housing Is Growing and the Projections

In 2016, the student housing industry continued to grow in terms of annual rent. This has been the trend for the last 10 years during which the inventory has grown by 56.3%. This trend will most likely continue in 2017 since the National Center for Education Statistics projects an increase in students’ enrollment by 2.2% in 2017. 

Top markets for student housing 

The University of Maryland, Louisiana State University, University of Arkansas, University of Tennessee, University of Florida and Texas A&M University are currently the top markets for student housing. AXIOMetrics notes that in 2016/2017 academic year, student housing stood at 60.1% compared to the previous year when it was 55.5%. This clearly indicates a significant growth in the student housing industry. 

However, the National Center for Education Statistics notes that students’ enrollment will most likely decline between 2018 and 2020. Over the last 3 years, there has been a decrease in occupancy rates. By December 2016, there were about 15,400 units being constructed across the country. This is about 4.3% of the current inventor. Therefore, if these units will be completed in 2017, there will be an increase in student housing units’ supply. This will affect the annual rent negatively. 

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