Construction of Multi-family housing in the Orland and Atlanta area, Southeastern United States, is a very strong market, as is student housing, both on the rise and in great demand.
Student Housing
Whether it’s on campus or off, student housing is far from what it used to be. Today they are designed and constructed to appeal to students, rich with amenities and luxury. Built with impressive features such as fitness centers, game rooms, social events and spas, they need to be structured with all the current trends.
“Students who are looking for off-campus housing at these schools are almost out of luck,” according to the latest report from data firm Axiometrics.
Student housing isn’t what it used to be, off campus units and dorms are often amenity rich and luxurious, appealing to todays students. With features like spas, fitness centers, game rooms, and hip trendy designs appealing to students through graduation.
“Property managers report student housing beds for this fall have been pre-leasing more quickly this spring than the beds rented last year. At existing student housing properties, 76.6 percent of beds had already pre-leased by May for the school year that will start this fall. That’s up more than 115 basis points from the pre-leasing rate last year at this time, according to Axiometrics. Beds at new properties opening this fall were 74 percent leased as of May, up from 70 percent recorded a year ago for properties that opened in Fall 2014”, according to the National Real Estate Investor.
“Both of these universities experienced moderate to strong enrollment growth on average over the past 15 years,” according to Axiometrics. “Little supply has been added to the market due to barriers to entry, leading to pent-up demand.”
When you trust your building needs to SWET Construction Group, whether for new construction or renovations, you are ensured to get the highest quality possible, within budget and on time.
SWET Construction Group is an industry leader in the construction and renovation of multi-family housing, apartments, condominiums and commercial building throughout the Southeastern United States, offering cost-effective plans, fast and attractive flooring, interior design services, drywall, metal framing, paint and waterproofing. Contact SWET Construction Group for your next project.