Broome Community College

Binghamton,

Student Housing Market Study

B&D was engaged by Broome Community College in 2011 to conduct a student housing market and feasibility study. The objective of the study was to evaluate demand for on-campus housing and the opportunities, benefits, and/or risks associated with introducing student housing to the campus. Our work commenced with a meeting of key Broome Community College administrators to understand the drivers and vision associated with the prospective development of new housing. Based on feedback from the College, B&D conducted a detailed market analysis that examined demographic composition and the off-campus market. The results of the analysis were instrumental in framing issues that would affect housing demand relative to key market characteristics. Measuring the market risk of a given unit type, occupancy coverage ratios yielded a refined demand for 322 beds. As a result, the college moved forward with the development of a 350-bed, $18 million housing facility. The Student Village at SUNY Broome opened in 2014 with 100% occupancy.

BCC CONSIDERING ON-CAMPUS HOUSING

It’s a growing trend across the state: Community colleges offering on-campus housing to students. “Over 30 percent, closer to 40 percent of community colleges now have housing and I believe more than half are in the state of New York,” said Jeffrey Turner, Brailsford and Dunlavey Senior VP.

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BCC COULD HAVE DORMS IN 2014

Broome Community College could have its first dorms by the fall of 2014 — if there are no construction or financing delays. “I’m an optimist,” said college President Kevin Drumm during the first of two meetings Tuesday on the prospect of dorms. He called the 2014 date the “ideal timeline.”

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