Demographic shifts shaping student-housing demand
Student-housing deliveries continue a steady decline since 2013 as construction costs rise and suitable development land becomes scarce, according to report by Cushman & Wakefield. This is a welcome sign to current owners, as a reduced construction pipeline will help the supply-side of the equation.
The next shift in focus is Generation Z, which is larger than the last three generations. Gen Z’s “echo boom” acted as a catalyst to create the purpose-built, student-housing industry. While the early segment of this generation has already entered university age, the average age of Gen Z is 13. The total population of Gen Z is projected to be approximately 81 million.
To read the full report,