Student housing is one of the best performing sectors of thecommercial real estate industry, together with multifamily.Recently experts at RealShare's Student Housing Conference said thatspring pre-leasing activity was strong enough for them to put the past12 months behind them and view NOI for the upcomingyear with optimism. "We started off last year very nervous, but we started off thisyear more relaxed," said Donna Preiss, CEO of T=the Preiss Co. "Demandfor student housing is at an all-time high."
Also speaking at the event was Peter Katz, senior vice president ofinvestments for Marcus & Millichap, who notedthat while student housing could not be deemed recession resistant--it was recession resilient. "The economic downturn has taken a small toll, but occupancy and rents have remained stable," he said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
