2022 Student Accommodation

Accommodation SUPPLY OVERVIEW CUSHMAN & WAKEFIELD 14

Record total bed numbers, but as COVID-19 slowed the delivery of new schemes . 697,734 beds were available to students for the 2021/22 academic year. Amid an environment of ongoing uncertainty, campus lockdowns and the prospect of “blended learning” across the country, 2021/22 saw the delivery of just 24,612 new beds: a figure only 677 higher than that seen in 2020/21 and one almost 25% lower than the five-year average before the pandemic. Occupancy impacts tempered by mothballed rooms The slowdown in new beds helped to temper the impact of occupancy issues and a reduced pool of international students, as did a record 9,922 beds being unavailable from the previous year. Almost two thirds of unavailable rooms (64%) were those with shared bathrooms. Many universities removed these from use due to COVID-19 restrictions, whilst others were unavailable due to refurbishments and conversion to other uses.

KEY STATS

697,734 BEDS 2021/22

Private sector driving growth New schemes were predominantly (85%) delivered by the private sector, above the 80% average seen in the previous five years. New beds continue to increase the quality of stock available to students, with 22,988 rooms (93%) rated by Cushman & Wakefield as being of high quality. Liverpool again saw the largest number of new deliveries at 2,279 beds.

2021/2022 SECTOR OWNERSHIP

61.7%

38.3%

46.7%

53.3%

2013/2014

2021/2022

PRIVATE SECTOR OWNERSHIP

UNIVERSITY