Housing Developments Increase at 2-Year Colleges
Digested from Axiometrics
Texas and New York are the beneficiaries of this additional supply.
Traditionally, four-year colleges see the highest level of off-campus, privately owned housing development. While that is still the case, more privately owned student housing has been developed at two-year colleges, according to Axiometrics’ Alma Pena.
Enrollment at two-year schools averages about 8,000 students, compared to 32,000 at four-year schools. Since 2011, most of the development at two-year schools has occurred in Texas and New York. One Texas school drove a lot of that volume.
“About 1,100 beds have been delivered to Texas two-year schools in the past seven years, half of them at San Antonio College,” Pena writes. “This is partially attributed to the absence of on-campus housing at the school. Off-campus beds were delivered at this college in 2013, one year after experiencing its largest enrollment drop of -9.5 percent – reaching a total enrollment of about 23,000. Enrollment growth has been flat since; the school reported about 19,000 students for fall 2016.”
In New York, approximately 500 beds have been delivered to Hudson Valley Community College and Schenectady County Community College.
Enrollment at Schenectady County Community College is over 11,000, while Hudson Valley Community College’s enrollment is more than 6,000, Pena writes.
“However, neither of these schools offers on-campus student housing,” she writes. “Enrollment levels and lack of on-campus housing may be contributors to the purpose-built, off-campus, student housing development at these two schools.”