Off-campus student housing now a must for most universities
A 38.7 percent increase in university enrollment over the past decade is creating a shortage of on-campus housing nationwide, according to a new white paper from the National Multi Housing Council’s (NMHC) National Student Housing Council (NSHC). The analysis utilized U.S. Department of Education and U.S. Census Bureau data between 2000 and 2010 to identify on-campus housing needs across the country.
“The tremendous size of Generation Y, combined with economic uncertainty, have pushed enrollment to new heights over the past decade,” said Jim Arbury, NMHC’s vice president of student housing. “This has put tremendous pressure on universities across the country as they attempt to keep up with the demand for on-campus living, offering a new opportunity for student housing firms.”
Highlights from the white paper include:
- The 38.7 percent increase in enrollment led to a 21.4 percent growth in the number of students living on-campus.
- While every state saw enrollment increases, Arizona, the District of Columbia, Georgia, Iowa, Minnesota and West Virginia experienced some of the greatest surges in enrollment.
- Most states have been unable to maintain the same percentage of students housed in dorms. States with the highest on-campus shortages are Arizona, the District of Columbia, Indiana, Iowa, Minnesota, Nevada and Oregon.
- Only five states (California, Florida, Hawaii, Maryland and Utah) have been able to provide enough additional dorm beds to maintain dorm residency levels against growing enrollments.
Because of these shortages, universities have been seeking alternative housing options for students. Enter off-campus housing with all the benefits of living in a dorm. All-inclusive living that bundles rent, utilities, cable and internet are a must for the students who for the first time are responsible for their own expenses.
Elauwit is excited and eager to accommodate the growth so many universities are seeing by continuing to provide quality TV, phone, and internet service to those off-campus student housing developments that are seeing so much of the dorm overflow.
The University of Kentucky's recent approval of the 50-year ground lease with Memphis, Tenn.–based Education Realty Trust (EDR) is a deal that some say will change the student housing as we've known it.
The deal allows EDR to redevelop housing at UK in two phases: first developing a new 601-bed freshmen honors housing unit, and, second, demolishing most of the current dorms and replacing them with modern and attractive living communities. The new build and future renovations will provide comfortable accommodations for UK students and programs along with up-to-date services and technology.
As Elauwit continues to develop our relationship with EDR, we look forward to the opportunities this UK deal will bring.