West Chester University of Pennsylvania

West Chester,

Student Housing Market Study, Phase I

University Student Housing, LLC, a not-for-profit foundation of West Chester University of Pennsylvania, selected B&D in 2006 to prepare a housing market analysis pursuant to the proposed development of approximately 3,000 replacement housing units on campus. The housing would update the university’s on-campus housing portfolio and provide students with options more appropriate to their needs. The contemplated facilities would cater to a full range of students, but would be primarily focused on freshmen and sophomores. To complete the study, we completed the following tasks: identified the nature and extent of the target market for on-campus student housing; completed a quantitative study of demand for on-campus housing; completed demand projections for prototypical units tested in the quantitative demand analysis; and provided a snapshot of the competitor property environment, focused on the nature and costs of competitive rental units. Our housing market analysis prescribed a prudent, market-responsive set of recommendations to address the needs and desires of the students which included the development of new on-campus student housing. As a result, the university proceeded with the $82 million development of Allegheny Hall and Brandywine Hall. The dual projects were completed in 2009.

EMERGING TRENDS & INNOVATIVE RESPONSES

Presented by Craig Levin, Claudia Scotty, and Hank Colker at the 2011 ACUHO-I Annual Conference & Exposition.

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