In the multi-family construction industry, Student Housing is evolving and continuing to grow at a rapid pace. Building new housing for Universities and updating existing units is the heart of SWET Construction Group. We partner with our clients to ensure a well designed and successful project.
There are many keys to successful Student Housing
Location, not only close to campus, but walking distance to shops and restaurants.
Academic Centers, today’s students are looking or more than just great amenities, games rooms, lounges and pools, they also need modern study rooms with high sped internet, state of the art smart boards, and quite areas.
Privacy, kitchens and living rooms are still usually shared areas, but may students are looking for private bedrooms and bathrooms. Those willing to pay a little more are looking for the one bedroom apartment.
A recent article in MultiFamily Executive explains the strong market for student housing in 2016
Millennials, by nature, are social and tech-savvy creatures, but when you add a strong focus on academics and a looming competitive job market into the mix, student housing becomes a unique and targeted sector of the multifamily industry, and one that’s quickly gaining momentum. Emerging only two decades ago as a market that was lacking attention, today’s student housing has transformed into a core real estate asset that answers the very specific needs of a niche rentership through well-designed projects.
Bullish Market Outlook Student housing pros are optimistic about the track the sector is on. With rental rate growth of almost 3% per year, national occupancy levels of above 95%, and steadily increasing university enrollment, student housing is booming.
Student housing in the Southeastern United States, Florida and Georgia, have become the more consistent and powerful investments opportunities. As a leader in multi-family construction and renovation, SWET Construction Group uses the latest technology, focuses on what consumers are looking for and the latest trends to deliver quality solutions to your projects. Our portfolio consists of construction of multi-family housing, assisted living facilities, condominiums, hospitality, commercial and renovations.
SWET Construction Group handles all aspects of renovation and repair services, including disaster repair, from demolition to the finished project.