Will Student Housing Be Impacted?
The student housing sector has been shaken amid uncertainty over the exact length and scope of the coronavirus outbreak, with operators and investors bracing for the possibility of revenue losses at properties across the country. However, some in the industry are confident the niche that many call “recession-proof” will feel very minor impacts.
Student housing represents about 7 to 12 percent of the total U.S. rental market, according to a recent study from the National Multifamily Housing Council. With most states under some form of quarantine or stay-at-home measure, colleges and universities have shifted to online-only learning or have cancelled classes all together until the fall, with even the start of that semester unclear.