2022 Student Accommodation

31

CUSHMAN & WAKEFIELD

Pipeline DEVELOPMENT

DEVELOPMENT PIPELINE BY MARKET

25000

20000

15000

102,000 PIPELINE BEDS ACROSS 58 MARKETS

10000

5000

0

Source: Cushman & Wakefield/UK local authorities

KEY STATS

Despite a slowdown in new development, the PBSA development beyond 2022/23 still remains substantial at 102,000 beds with 56,000 approved. However, the overall development pipeline is slowing with the pipeline 13,000 beds lower the same point last year. 24,000 beds have entered the planning system in the last 12 months and just five markets represent a half of all beds in the pipeline with the largest two (London and Nottingham) making up nearly a third. 2023/24 may see an acceleration in new beds being delivered to the market again, with 29,000 planned to open across 45 markets, including 2,267 beds planned to open in 2022 that have been delayed.

PBSA APPLICATIONS 2022

BEDS ENTERING PIPELINE

28,152 8,093

2021

2022 YTD

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