Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040

PBSA

PBSA FLOORSPACE FORECAST

INDEX (2023 = 100)

The growth in domestic and international (broadly from Asia-domiciled individuals) students is expected to peak in 2032 with a plateau until the last third of the decade at which point global population slowdown will cause an increased drag. Student numbers are the key driver behind student bed demand, and so the outlook largely follows this trajectory, BY 2040, THE PBSA SECTOR WILL INCREASE BY 5.1%.

120

100

80

FORECAST

60

40

PBSA

20

2014

2018

2024

2028

2034

2038

2040

CAGR

TOTAL

VOLUME CHANGE

2014-23

2023-40

2014-23

2023-40

2014-23

2023-40

PBSA

4.1%

0.3%

43.6%

5.1%

158.5M SQ FT

26.4M SQ FT

RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK

28

CUSHMAN & WAKEFIELD

PBS