Students and Workers Accommodation Global Market Briefing 2017Including: Rooming and Boarding Houses, Students Housing, Workers HousingCovering: American Campus Communities, United Group PLC, Education Realty Trust, Campus Crest Communities Inc., Cen
World News: 10:45 GMT Tuesday 3rd January 2017. [SPi-Reports.com via SPi World News]
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- Students and Workers Accommodation Global Market Briefing 2017Including: Rooming and Boarding Houses, Students Housing, Workers HousingCovering: American Campus Communities, United Group PLC, Education Realty Trust, Campus Crest Communities Inc., Cen
The students' and workers' accommodation market comprises businesses that provide long term accommodation for residents in these categories. It includes housing provided by organizations for longterm housing of their employees. The accommodation may serve as a principal residence for the residents for the period of occupancy.
The largest geographic markets by consumption in the students' and workers' accommodation sector are Asia and the Americas. The Americas was the largest region in the students' and workers' accommodation market in 2016, accounting for 43% market share. Asia was the second largest region accounting for 25% market share.
Developers and designers are beginning to focus on creating microhousing units that provide housing options near universities at a reasonable price. Micro housing provides students with miniature spaces set up for sleeping, study and preparing simple meals. With the rise in the student enrollment and worker population, micro unit houses give students' and workers' access to affordable accommodation. Many cities and countries are experimenting with microhousing to meet the growing demand for affordable student and worker accommodation. For example, University Student Living of The Michaels Organization is currently developing micro units near Boston University between 325 and 400 square feet each offering a private kitchen and bathroom .
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