Demand for Student Housing Continues to Rise Nationwide

The GEN Y population of roughly 80 million is coming of college age and universities are struggling to keep up. More than 3 million high school students are expected to graduate every year until the 2018-2019 school year. Schools can’t build product fast enough to keep up with the demand. State Universities can’t build new housing, because of lack of land or lack of bonding capacity. Supply is dwindling in some places, through obsolescence. In most cases it’s easier to build new than to retrofit, and you can increase density at the same time.

Source: Multifamily Executive Publication August 2012