Student Accommodation Market Size To Hit USD 15.94 Billion By 2030

 San Francisco, 21 Oct 2024: The Report Student Accommodation Market Size, Share & Trends Analysis Report By Accommodation Type (Purpose-Built Student Accommodation, University-Managed Accommodation), By Education Grade, By Region, And Segment Forecasts, 2024 - 2030

The global student accommodation market size is expected to reach USD 15.94 billion by 2030, and projected to register a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing robust growth globally, driven by several converging factors that are reshaping the landscape of higher education and real estate. One of the primary drivers of this growth is the increasing enrollment of students in higher education institutions, particularly from international markets. As more students pursue advanced degrees and cross-border education, the demand for quality, purpose-built student housing (PBSH) has surged. These accommodations cater to the specific needs of students, offering a blend of convenience, security, and community-oriented living spaces that traditional housing options often fail to provide.

In addition to the growing student population, the real estate market's expansion is playing a critical role in the development of new student accommodations. Real estate developers and investment firms are increasingly recognizing the student housing sector as a resilient and lucrative asset class. With the volatility in traditional commercial real estate segments such as office spaces and retail, investors are turning to student housing for stable returns. The alignment of real estate growth with the educational sector's needs has led to significant investments in developing high-quality student accommodations, often in partnership with universities and colleges, ensuring that these developments meet the rising demand. For instance, in March 2024, Greystar Real Estate Partners, LLC (Greystar) entered into an agreement with Share Student Living ("Share") and CIX Capital, an asset management firm specializing in the real estate sector. This partnership marks Greystar's entry into the Brazilian market for purpose-built student accommodation (PBSA). Under the agreement, the properties will be operated and managed under the brand 'Share by Greystar,' representing a significant milestone in expanding their international portfolio. 

Technological advancements and shifting student preferences are also fueling the growth of the student accommodation market. Today’s students expect more than just a place to sleep; they demand accommodations equipped with modern amenities, including high-speed internet, smart home technology, and sustainable building practices. The market has responded with innovative housing solutions that cater to these expectations, integrating technology to enhance the student living experience. This trend towards tech-enabled, sustainable accommodations is attracting both students and investors, further driving market growth.

Government policies and educational initiatives are supporting the expansion of the student housing market. Many countries are actively promoting higher education as a key economic driver, offering incentives for international students and investing in educational infrastructure. These initiatives are increasing the flow of students into regions with well-developed education sectors, subsequently boosting the demand for student housing. Additionally, public-private partnerships in real estate development are facilitating the construction of new student accommodations, ensuring that the supply keeps pace with the growing demand. As a result, the student accommodation market is poised for sustained growth, with real estate market dynamics and other factors continuing to play a pivotal role in its expansion.

In the winter semester of 2022/23, Germany welcomed a record number of international students, totaling 367,578, representing a 5% increase compared to the previous academic year, according to the German Academic Exchange Service (DAAD). This achievement marks the fifth consecutive year of growth in international student enrollment in the country. Such sustained growth in the European market is expected to significantly elevate the demand for student accommodation. As more international students choose Germany for their studies, the necessity for adequate and quality housing options becomes increasingly critical. This influx not only underscores Germany’s attractiveness as a study destination but also highlights the pressing need for universities and private developers to expand their accommodation offerings.

Access Research Report of Student Accommodation Market @ https://www.grandviewresearch.com/industry-analysis/student-accommodation-market-report

Student Accommodation Market Report Highlights

• In 2023, the demand for student accommodations among undergraduate students represented a significant portion of the market. The steady increase in undergraduate enrollments, especially at leading academic institutions, has considerably amplified the need for student housing. As more students embark on their higher education journeys, universities are increasingly challenged to provide sufficient accommodation options to cater to this growing population.
• Based on accommodation type, private rental student accommodations is anticipated to grow at a strong CAGR from 2024 to 2030. The global market for private rental student housing is experiencing substantial growth, driven by several critical factors. The increasing number of students pursuing higher education abroad, particularly from emerging markets, has sparked an unprecedented demand for quality housing options that offer both flexibility and independence.

Student Accommodation Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 11.83 billion
Revenue forecast in 2030	USD 15.94 billion
Growth rate	CAGR of 5.1% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players in the Student Accommodation Market

• American Campus Communities (ACC)
• Global Student Accommodation Group
• Campus Living Villages
• The Student Hotel (TSH)
• The Unite Group
• Harrison Street
• Greystar Real Estate Partners
• APG Asset Management
• Kohlberg Kravis Roberts & Co. L.P.
• Mapletree Investments Pte Ltd

Access Press Release of Student Accommodation Market @ https://www.grandviewresearch.com/press-release/global-student-accommodation-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon