Lane County commercial real estate typically does not garner the attention of most national developers or big-name companies, but the University of Oregon is attracting attention from national student housing developers. Rent growth in the university area has remained strong in the Eugene area, with tight vacancies. The steady flow of graduates from the University of Oregon provides a healthy stream of knowledgeable and well-rounded workers. The Accelerating Scientific Impact Center currently under construction is estimated to attract an additional 750 students and professors to the Eugene area.
Student housing Eugene is our slice of the national trend in the maturing student housing industry, and one real estate investors shouldn’t ignore, as this article reports:
The State of Student Housing: Mature and Realizing its Potential
The student housing industry continues to reach maturity, advancing far from its identity crisis several years ago shaped by drab on-campus dorms and keggers. Ultra-modern, amenity-laced properties have made moving away from home and living on or near campus highly desirable. But that’s not the half of it.
Student housing is now generating greater appeal among international investors than ever before, in part because American higher education is revered and because many universities are almost considered brand names abroad. Investors are taking note of the stable cash flow as well as the demand for more units.
Investors are also noticing what Gen Z is looking for in housing. Here’s what Bill Bayless, CEO of American Campus Communities, has to say:
Gen Z is focused on academic success. Our off-campus properties are looking more like properties we develop on campus. Academic and fitness centers are becoming most desirable. They want to be successful academically and healthy. Sexy real estate, it’s what they really want.
This is an opportune time to invest in student housing Eugene. The professionals at Pacwest Commercial Real Estate are Eugene multifamily experts. We’re here to help you find the right property to meet your investment goals, and to guide you through the process. You can reach us at 541-912-6583.
Recent Comments