Demand for University Student Housing: An Empirical Analysis
||Spieler, Andrew; Seow Eng Ong & Milena Petrova
||Demand for University Student Housing: An Empirical Analysis
||14th Annual European Real Estate Society Conference in London, UK
||This paper provides insight to understanding the factors impacting studentís decision to live on-campus and the universityís concomitant decision to build on-campus housing. We examine the relationship between the percentage of students living on-campus and a number of factors, including school ranking, cost of off-campus living, and percentage of international and graduate students. The results indicate that there is a significant positive relationship between the percentage of students living on campus and the cost of off-campus living, school ranking, the percentage of international students, the type of school (i.e. public vs. private), the amount of on-campus security provided and the cost of tuition. The university has a choice between building a new dormitory, leasing, buying an existing building, or not providing other campus housing. We further find a relationship between the factors influencing the on-campus housing construction decision by a university and the factors influencing studentís decision to live on-campus.
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||Session D4: Applied Housing Market Analysis
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