Luxury student housing is beginning to boom, and these high-end student apartments are providing what students want for a price.
Many developers are focusing on high-end student housing in relatively cheaper areas. Luxurious student housing can cost students or their parents around $1,000 a month. There are some who believe this high-end housing is aimed towards wealthier students.
“It’s a pretty attractive investment considering the buying power of students at universities,” said Devin O’Brien, head of strategic marketing at Zumper. “People these days are much more willing to spend more on upscale housing, they just have a great propensity to do that. For a lot of these schools there wasn’t the option beforehand, perhaps this is an opportunity in the market that hadn’t been served.”