The demand for student accommodation - Preston

Preston is home to the University of Central Lancashire and is located between Blackburn and Blackpool.

This research has been taken from a report conducted by CBRE in 2015 which can be downloaded at the bottom of the page.

 

Overview

There are a number of factors that contribute towards the growing demand of student accommodation in Preston, some of which include:

  • Preston is home to one university, University of Central Lancashire (UCLan) with just over 17,500 full time students.
  • A higher percentage of students live in their parental/guardian home and their own properties than the national average.
  • There is a predicated headroom of 3,345 students unable to access purpose built accommodation based on current levels of supply.

 

Where are students living in Preston?

The research shows that the percentage of students living in ‘Other rented accommodation’ is significantly lower in Preston than other locations throughout the UK. This is demonstrated below in a table from the CBRE report.

Table: Where Students Live in Preston and the UK

 

Screen Shot 2016-08-24 at 13.08.46

Source: CBRE/HESA

Some other key points include:

  • Over 500 students are reliant on other rented accommodation in their first year.
  • A large proportion of first year students live at home with parents/guardians or in provider maintained property.
  • Private sector halls cater for students in their first three years.

 

Take a look at the student accommodation opportunity currently available: PM SPV 56!

 

Source

1 - CBRE - Preston Student Supply and Demand Report

 

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