Quality student housing and other amenities have proven to be key considerations for attracting and retaining top students at colleges and universities, according to JLL. As the cost of construction and need for financial subsidies both increase, leading higher education institutions are strategizing smart solutions to provide the student housing development projects needed to compete for students.
Public and non-profit institutions make up over 85 percent of degree-granting institutions in the United States. Through 2020, enrollment is declining only at schools without a significant student housing presence, as major four-year institutions continued to see growth.
“Student housing is critical to a residential university’s student experience and is an important recruitment tool, and some universities are grappling with old housing stock or how enrollment that has outpaced the number of beds on campus,” said Lindsay Stowell, executive vice president, higher educat