Students might fill up all the new beds that student housing developers are building this year. As the new school year began student housing properties were fully-occupied and posting solid rent growth.
That sets the student housing sector on a path for rent growth in the years ahead. Universities and college towns have successfully filled the extra tens of thousands of new student housing beds that were delivered in 2014 and year-to-date in 2015. Looking forward to next year, developers are planning about the same number of new beds as the market successfully absorbed this year.
“The sector remains strong and there is still opportunity for growth,” says Taylor Gunn, student housing analytics lead for data firm Axiometrics, Inc., based in Dallas. “We expect it to remain stable, if not better, than previous years.”
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