TUCSON-A student housing report issued by Axiometrics Inc. of Dallas places two Arizona universities in the top 10 list of most off-campus beds delivered during the 2013-2014 school year. University of Arizona added 1,795 beds to the market, while ASU delivered 1,537 beds.
Topping the two Arizona institutions of higher learning were:
- Georgia Southern University at 2,631 beds
- University of Southern California at 1,990 beds
- University of Arkansas at 1,968 beds
- Texas State University at 1.876 beds
Though the “extra” beds could be cause for concern, researchers at Axiometrics point out that factors other than enrollment or existing supply need to be taken into account when it comes to determining whether an area is “overbuilt” or not. Pent-up demand is also a factor. Still, the researchers note that, of the top 74 universities – and its student housing – analyzed, approximately 20% of the properties had below a 90% occupancy during the spring of 2012. The Axiometrics researchers, in the report, point out that relying solely on pent-up demand to build student housing isn’t necessary a wise move.