Privately-owned housing that’s built specifically for college students is proving to be a lucrative real estate investment in certain markets, according to new data from Axiometrics, commissioned by property management software company AppFolio. They conclude that these shifts could upend the dynamics in local real estate markets near major colleges and universities.More than 47,000 new beds in privately-owned student housing are scheduled for delivery during the current semester, which is higher than any other year they examined. While the researchers expect more development to come online this time next year, they also suggest demand will remain high throughout 2017 and beyond.
Source: Off-Campus Housing Is Hot | Realtor Magazine
