StudentHousingMarketDemandAssessmentFINAL
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StudentHousingMarketDemandAssessmentFINAL
student Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEEx StudentHousingMarketDemandAssessmentFINAL xecutive Summary..........................................................................1I.Introduction...............................................................................5II.Findings and Recommendations...............................................................sIII.Downtown Develop StudentHousingMarketDemandAssessmentFINAL ment Trends...............................................................18IV.Key Demographic Trends.................................................StudentHousingMarketDemandAssessmentFINAL
...................23V.Multi-Family Rental Market Conditions.....................................................33VI.Overview of Local Colleges/Univestudent Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEEx StudentHousingMarketDemandAssessmentFINAL ....53VIII.Financial Feasibility Analysis............................................................57IX.Limiting Conditions.......................................................................61KEYSER MARSTON ASSOCIATES------------------------------------------------------------https: //k hoth u StudentHousingMarketDemandAssessmentFINAL vi en .comExecutive Summary / Student Housing Market Demand AssessmentA.Objective and ApproachKeyser Marston Associates, Inc. (KMA) prepared a studenStudentHousingMarketDemandAssessmentFINAL
t housing market demand assessment for Downtown San Antonio. KMA evaluated demand for off-campus student housing and identified strategies to implemenstudent Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEEx StudentHousingMarketDemandAssessmentFINAL ofessionals.•Review of prior plans, studies, and maps.•Tours of Downtown, adjacent neighborhoods, and college/university settings.•Evaluation of regional and local demographic and multi-family rental market trends.•Review of university enrollment, housing policy, and campus housing inventory.•Financ StudentHousingMarketDemandAssessmentFINAL ial feasibility analyses for prototype multi-family housing developments.B.Downtown Development TrendsThere are numerous public and private programs sStudentHousingMarketDemandAssessmentFINAL
upporting revitalization, business development, and residential attraction in Downtown. Mayor Castro's SA 2020 Vision calls for the creation of 5,000 student Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEEx StudentHousingMarketDemandAssessmentFINAL tegic Framework Plan to guide Downtown revitalization efforts. The Plan targets an increase of 7,500 units by 2020.According to the Downtown Alliance, there are currently 3,383 housing units in Downtown San Antonio. The HR&A Plan focuses new residential development on four priority areas: Downtown C StudentHousingMarketDemandAssessmentFINAL ore. Midtown/River North, Cesar Chavez/HemisFair Corridor, and Near River South. The Midtown/River North and Near River South areas have attracted sigStudentHousingMarketDemandAssessmentFINAL
nificant new residential development over the past decade. The Can Plant Apartments and 1221 Broadway were recently completed in the Midtown/River Norstudent Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEEx StudentHousingMarketDemandAssessmentFINAL provided assistance to ten Downtown area residential or mixed-use developments, all of them located in either the Near River South or Midtown/River North sub-areas.C.College/University EnrollmentThere are nearly 94,000 college/university students in the San Antonio area. The KMA survey includes pub StudentHousingMarketDemandAssessmentFINAL lic and private schools ranging from 1,800 to 25,000 students, as follows:Student Housing Market Demand AssessmentlilỉlMk1W18001student Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEExstudent Housing Market Demand AssessmentPrepared for:City of San AntonioPrepared by:Keyser Marston Associates, Inc.41183TABLE OF CONTENTSSECTIONPAGEExGọi ngay
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