Not your average dorm: With ‘cottage housing,’ college living goes upscale

TRD New York /
Oct.October 24, 2012 09:00 AM

College housing is not typically associated with luxury, but the arrival of “cottage housing” for students may change that. According to the Wall Street Journal, student housing firms that in the past have focused on building apartments that are close to campus but have few amenities are now building upscale standalone, amenity-rich houses clustered around clubhouses.

Across the nation some 35 cottage communities with nearly 19,000 beds have already been built and an additional 18 with roughly 12,000 beds have either broken ground or are being planned, according to Landmark Properties CEO Wes Rogers, the firm that built roughly one-third of the cottages.

The percentage of cottage housing remains small compared to traditional student housing, but industry experts expect the popularity of the product to grow, as the number of students enrolled in universities grows.

“It’s sort of the next evolution of student housing,” Rogers said. “You don’t have neighbors above you like in a traditional dorm environment. You literally live in your own house.”

And while cottage-style housing commands rents at least 10 percent higher than the nearby alternatives, students are lining up to get an apartment. This academic year, Landmark had waiting lists in half of it 16 communities and its cottages are 96 percent leased compared with 93 percent for most student housing.  [WSJ]Christopher Cameron


Related Articles

arrow_forward_ios
Rents in ZIP codes where college students make up at least 20 percent of the population dipped half a percent in August (iStock)

Rent prices fall in college ZIP codes as remote learning rises

Rent prices fall in college ZIP codes as remote learning rises
Stay-at-home orders and virtual classes have asked serious questions of the once-booming market for student housing. (Photo: University of North Carolina at Chapel Hill via Getty)

Quiet dorms and distress storms: Student housing sector takes hit

Quiet dorms and distress storms: Student housing sector takes hit
New York University may lease thousands of hotel rooms near its Greenwich Village campus to maintain social distance between students. (iStock, Wikipedia Commons)

NYU’s social-distance fix for dorms? Leasing hotel rooms

NYU’s social-distance fix for dorms? Leasing hotel rooms
American Campus Communities CEO Bill Bayless

School’s out for summer. But will student housing rebound in the fall?

School’s out for summer. But will student housing rebound in the fall?
TriArch Real Estate Group founder Chris DeAngelis and Pebb Capital principal James Jago

Student housing property near NYU trades for $104M

Student housing property near NYU trades for $104M
A university dorm (Credit: iStock)

Developers fail math class in student housing sector

Developers fail math class in student housing sector
Jeremy Lynford and 55 John Street (Credit: Getty Images, Google Maps, iStock)

NYC’s largest student housing firm makes a $101M gamble on owning its own real estate

NYC’s largest student housing firm makes a $101M gamble on owning its own real estate
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)

Over owner’s protests, city landmarks Strand bookstore

Over owner’s protests, city landmarks Strand bookstore
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...