2022 Student Accommodation

25

CUSHMAN & WAKEFIELD

Look Ahead

2022/23

Significantly stronger rental growth for the forthcoming year is indicative of increased confidence and the strength of demand in most locations, with the majority of rents set before the full impacts of current inflation were evident. 2022/23 sees a number of markets delivering upwards of 8% rental growth, with Durham leading the way at above 10% and Belfast at 9.6%. Currently, Glasgow’s West End rents are delivering the strongest rental growth of any area in the UK at 13.1%, due to strong levels of demand and a significant shortage of overall housing.

2.4%

ABERDEEN

6.2%

EDINBURGH

8.6% 10.2%

GLASGOW

DURHAM

9.6%

BELFAST

3.4%

NEWCASTLE

3.0% 0.0% 5.3%

LEEDS

MANCHESTER

LIVERPOOL SHEFFIELD

-0.3%

3.8%

NOTTINGHAM

-2.3%

LEICESTER

1.8%

BIRMINGHAM

-2.5%

COVENTRY

6.3%

CARDIFF

3.8%

LONDON

8.9%

BRISTOL

3.8%

SOUTHAMPTON