DALLAS, TX--(Marketwire - October 03, 2012) - The ongoing influx of "echo boomers" to college campuses, which according to the National Center for Education Statistics will increase college enrollment by at least 10% by 2016, has fueled heightened demand for both on- and off-campus student housing. Axiometrics Inc., a provider of apartment market data and advisory services, has introduced its Student Housing solution to provide standardized reporting and forecasting for the student housing market, and ultimately, to assist developers and investors in making sound decisions as they evaluate and pursue new student housing projects. Axiometrics will also be providing coverage of the publicly traded Student Housing REITs.
Axiometrics is the leader in the apartment market research industry through data that offers the most accurate, granular, and timely information available. The company's Student Housing solution combines its proprietary monthly surveying methodology with universities' common data sets (CDS), historical housing and meal plan rates, and other information to generate in-depth comparisons that account for differences in amenity levels, for both by-the-bed and by-the-unit properties, on- and off-campus. Axiometrics is tracking multiple amenities including:
- Furnished or unfurnished
- Utilities (unlimited or capped)
- Cable TV and movie channels (free or fee-based)
- Internet (wireless/ethernet, free or fee-based)
- Washer/dryer connections (free or fee-based)
- Shuttle to school
- University bus line
Axiometrics also tracks the monthly velocity at which student properties are pre-leasing for the fall, providing customers the ability to gauge accurate leasing trends for each university, a key piece of knowledge for those looking to invest in new markets.
And, the Axiometrics Student Housing solution tracks the development pipeline, forecasting availability, and absorption of new beds as well as provides a twenty-quarter forecast regarding the performance of Student Housing assets.
"With more and more developers looking to fulfill the growing demand for student housing, it is critically important that they have standardized, amenity-adjusted information for each property and university so that they can develop the right unit/bed mix in their projects," said Ron Johnsey, president of Axiometrics. "As some of the largest schools have up to 85 percent of their students living off-campus, there is definitely a need for the accurate and granular information our Student Housing solution provides. Now, developers and investors can have confidence in their analyses as they compare property-to-property, or even portfolio-to-portfolio, enabling them to deliver the right mix, at the right time, in the right location."
Axiometrics tracks information on student housing at more than 200 universities across the country and will provide detailed reports at the university and project level.
Axiometrics is the only multifamily research provider to survey every property in its database at the floor plan level every month. Every property. Every month. Only Axiometrics. Learn more at www.axiometrics.com or by calling 214-953-2242.