Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Student housing has been no stranger to the impacts of the pandemic. Like other commercial real estate sectors, student housing owners were blindsided by the onset of the coronavirus outbreak and economic shutdown in March 2020, which caused widespread school and business closures and forced many students to return home early. For operators, the damage was compounded when universities had inconsistent reopening policies in the fall. While the market will likely continue to recover through the spring semester, there is a bright light ahead: fall semester 2021.

Student housing owners are anticipating renewed confidence in the second half of 2021, which will bring stronger demand and higher occupancy rates, as well as modest rent growth.

“We expect to see a potential spike in fall 2021 enrollments, as both the 2021 high school graduating class, as well as those in the 2020 class who did not attend college this year, both apply for the 2021-2022 school year,” Frederick W. Pierce, IV, president and CEO of Pierce Education Properties, says. “That will put pressure on residence halls and will push more housing demand off-campus next year, as well. We also project a resurgence in international enrollments for the academic year 2021-2022.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.