University of Maryland Sees Increase in High-Amenity Off-Campus Housing | National Apartment Association

University of Maryland Sees Increase in High-Amenity Off-Campus Housing

Development of upmarket, off-campus student housing is booming at the University of Maryland, but rental prices may have reached their limit. 

High-amenity off-campus housing is becoming more abundant at the University of Maryland: Domain College Park opened in 2013, and Landmark is slated to open in fall 2015. But with rents at these developments starting at $1,000, and going much higher, students might be at their limit, reports The Diamondback, the university’s student newspaper.

Domain College Park is a LEED-certified building, with a heated pool and fitness facility; units have open floor plans, gourmet kitchens and hardwood floors. Landmark will offer grill stations, group and individual study areas, a Zen garden and a fitness facility with sauna, among other amenities. 

But not all students can afford these buildings, and on-campus housing options for juniors and seniors are now more limited due to a housing policy change that grants greater priority to freshmen and sophomores.  

The College Park City Council’s Diversity of Student Housing Subcommittee is interested in expanding the number of off-campus housing options that are affordable, which it defines as $600 to $800 a month. The committee is looking at increasing the number of cooperative housing projects, promoting more affordable off-campus housing developments and offering subsidized undergraduate housing.

 

Event Highlights

A Career with Growth & Opportunity

Career Growth and Opportunity  

Learn about the perks and benefits of working in residential property management and some of the reasons the industry provides career growth, stability and endless opportunities.