Brooklyn College

Brooklyn,

Student Housing Market Study

Brooklyn College needed to increase its student housing capacity and in April of 2008 asked B&D to help assess the feasibility of, and demand for, new facilities. We developed a project concept that met the zoning guidelines and student preferences in terms of the unit mix and amenities, and further refined the program by reviewing the off-campus market. From that information we presented a demand-based model and corresponding financial analysis. Although our research identified a demand for 400 student housing beds, we emphasized that this demand would be substantially impacted by a lower priced nearby project that, once completed, would attract up to 220 students per year. We, therefore, recommended the college delay this initiative until that full impact was known. This insight helped mitigate risk in what soon became a very challenging and risk-averse economic climate.