Pierce: “There’s a combination of demographics and lifestyle choices at work here, but perhaps they’re getting a taste of the quality of life they want in college and it’s translating to wanting a greater quality of life when they graduate.
SAN DIEGO—Even with tens of thousands of new student-housing units being delivered to the marketplace, most markets continue to be strong thru 2018, Pierce Education Properties’ president and CEO Fred Pierce tells GlobeSt.com. Back-to-school numbers have been high three years in a row. public universities continue to enjoy student and family attendance, and student housing continues to provide every amenity possible.
But, are ever-improving student-housing amenities raising quality-of-life expectations, and are low renewal rates having a dampening impact on the sector? We spoke with Pierce about these and a number of other related issues.