2022 Student Accommodation
CUSHMAN & WAKEFIELD 20
THE IMPORTANCE OF SOCIAL & AMENITY SPACE
Social and amenity spaces that support the student experience and student interaction can be considered especially important at a time of increased student mental health declarations. It is therefore surprising that only 64% of deliveries in 2021/22 were rated by Cushman &Wakefield as having high quality social and amenity spaces. Whilst this was impacted by a number of sub-100-bed schemes, this was still significantly lower than the 79% seen in 2020/21. It is clear that social and amenity spaces are now key to product success, especially in major markets where rental increases in private sector en suite developments with quality amenity spaces far outstrip those with poorer quality spaces but better quality rooms.
SOCIAL & AMENITY SPACE BENEFITS
£146.00 £147.00 £148.00 £149.00 £150.00 £151.00 £152.00 £153.00 £154.00
10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 22.00% 24.00% 26.00% 28.00%
Rental growth
Average weekly rent
Better quality room, poorer amenity
Better quality amenity, poorer room
0
0.5
1
1.5
2
2.5
8 year rental growth Average weekly rent 2021/22
Source: Cushman & Wakefield Student Accommodation Tracker, private sector en-suite exc London
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