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Research - JUNE 18, 2019

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Demographic shifts shaping student-housing demand

by Andrea Zander

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.

 

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