By October, 30 of 200 universities monitored by Yardi Matrix had 10,311 student housing units under construction. Despite university-based uncertainties about how to deal with social distancing guidelines, students’ desire to go back to school rather than stay at home has kept housing demand robust at all universities.
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All of the universities analyzed below, with the exception of Texas State University, are classified as R1: Doctoral Universities with Very High Research Activity. In addition to this classification, each university is subject to a different conference as part of the National Collegiate Athletic Association. In terms of percentage of shares, Florida International University and the University of Texas at Dallas top the list by exceeding 100 percent of the existing shares.
10. Texas State University
Texas State University is the only university on the list that comes under R2: Postgraduate Universities with High Research Activity. The university operates the Science, Technology and Advanced Research Park, a facility for the commercialization of technologies and applied research. The Forensic Anthropology Center in the state of Texas is the largest forensic research facility in the world. In total, the university had 500 residential units and 241 beds in October, which corresponds to 7 percent and 1.3 percent of the existing stock. Texas State University had 38,187 enrollments in 2019, which has remained relatively stable since 2015.
9. Georgia Institute of Technology – Main Campus
Since 2013, the Georgia Institute of Technology has seen a steady increase in enrollments – from 21,471 to 36,302 in 2019. Georgia Tech is classified under R1: Graduate Schools and much of its research is funded by large corporations or government organizations. The sports team competes in NCAA Division I and is a member of the Coastal Division of the Atlantic Coastal Conference. By October, around 507 units were underway, which is 19.1 percent of the university’s inventory.
8. University of Miami
Although the University of Miami had the fewest enrollments last year at 17,811 compared to the other universities analyzed on this list, the demand for housing remained robust. By October, 508 units were under construction. The University of Miami Hurricanes have been a member of the NCAA Division I since the 2004/05 season, mainly in the ACC for all sports. UM’s research spending in fiscal 2019 was $ 358.9 million. The University of Miami offers on-campus student dormitories in four residential colleges, University Village and Lakeside Village.
7. Florida State University
Many Florida-based universities are among the fastest growing in the country. Florida State University had 513 units under construction as of October. There were 42,450 enrollments in 2019, an increase of almost 1,500 over the previous year. The university’s sports teams compete in NCAA Division I and the ACC Conference. In their 13-year history, the teams have won 20 national sports championships and 78 individual NCAA national championships. The university’s researchers received record funding in fiscal 2020 and received $ 250.1 million in grants from federal, state and private sources that will support research in health and engineering sciences and the ongoing coronavirus outbreak.
6. University of Arizona
Over the past five years, the number of enrollments at the University of Arizona has grown steadily, reaching 44,577 enrollments per year in 2019. As of October, 537 units and 419 beds were underway, representing 20.8 percent and 6.1 percent of the total, respectively. The university is classified in R1: Doctoral Universities as well as members of the Pac-12 conference as well as the Arizona State University Tempe. Arizona is NASA’s fourth most popular public university for research. In March, the University of Arizona began its COVID-19 antibody study. New research shows that people may be immune to the virus for at least half a year after being infected.
5th University of Florida
University of Florida researchers, classified at the NCAA’s Division I and R1: Doctoral Universities SEC conference, are studying breakthroughs in engineering, agriculture, the arts and sciences, and medicine, including work to fight the new coronavirus. The university surpassed its record for research awards, reaching $ 900.7 million in fiscal 2020. The 15th place among public universities for research spending has increased the amount it received for research by 45 percent since 2011. There were 633 units under construction in October, representing 9.8 percent of the total existing inventory. Yardi Matrix data shows the university had a total of 52,407 enrollments over the past year.
4. The University of Texas at Dallas
The demand for public universities has increased due to cost-conscious students. As a result, the residential facilities of these facilities have benefited. The University of Texas at Dallas had 633 units in operation in October, representing 107.7 percent of the existing inventory, a sign that demand for housing at the university is strong. The University of Texas at Dallas is one of 131 US colleges and universities recognized by the Carnegie Classification of Institutions of Higher Education as R1: Doctoral Institutions. University researchers are continuously researching the coronavirus, and at the time of shutdown, only essential research – including work related to COVID-19 – was allowed on campus.
3. Arizona State University-Tempe
As of October, Arizona State University-Tempe had 636 units under construction, representing 15.3 percent of the university’s total inventory. The university works with NASA, with students and faculties working with the space agency as part of the Space Grant Scholar program. Arizona State University Tempe is also known for its journalistic, business, and technical programs, as well as its Arizona State Sun Devils team attending the Pac-12 conference. In addition to the sports program, the university is home to more than 1,100 registered student organizations. The development pipeline includes Apollo, a 327 unit project part that is part of the Array on Apache development and offers 64 residential units for workers, 12,000 square feet of retail space and a multi-storey car park with 650 parking spaces. Arizona State University Tempe was among the top 10 universities with the highest year-over-year rental growth – 8.8 percent as of September.
2. The University of Texas at Austin
At the end of October, 816 units were under construction, which corresponds to 15.4 percent of the universities’ inventory. A total of around 1,180 beds were in progress, which corresponds to 9.8 percent of the total. From 2010 to 2019, more than 50,000 students were enrolled at the university each year. The University of Texas at Austin is part of the Big 12 conference and has won more men’s and women’s titles than any other school in the Big 12 since the league was founded in 1996. Leading researchers at the University of Texas at Austin played a major role in the search for a vaccine against the coronavirus by developing the spike proteins found on the virus.
1. Florida International University
Florida International University tops our list with 886 units under construction through October. The university also has the highest percentage of the existing inventory. As of October, it accounted for 162.9 percent of the inventory. According to data from Yardi Matrix, the school was the largest university in South Florida in 2019, with a total of 58,711 students. The largest project under construction was The One at University City, a 1,244 bed community located across from the Florida International University campus in Miami. The project is based on a partnership between Global City Development, RER Ventures and Podium Developments and will expand the existing portfolio by 866 units. The need for student accommodation remains high as rooms cannot be shared due to social distancing guidelines.