The demand for student accommodation - Sheffield

A well known university city, Sheffield is home to two universities: Sheffield Hallam University, and the University of Sheffield. This is another city that we believe has a strong market for student accommodation.

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 Sheffield, some of which include:

  • Sheffield is home to 2 universities and has 48,818 full-time students.
  • 39% of students studying in Sheffield live in ‘other’ rented accommodation in contrast to the national average of 31%.
  • There are a total of 13,525 private bedspaces and 6,433 provider maintained bedspaces in Sheffield.
  • We estimate that there is a headroom of 16,744 students in the target market unable to access purpose built student accommodation.

 

Where are students living in Sheffield?

The research indicates that there is almost a 9% increase on the average number of students who are living in ‘Other rented accommodation’ within Sheffield compared to other cities 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 12.38.58

Source: CBRE/HESA

Summary

  • Sheffield has a lower proportion of students living in provider maintained property and private sector halls.
  • Estimated that there are almost 17,000 students who potentially require but are unable to access purpose built student accommodation in Sheffield.

 

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

 

Source

1 - CBRE - Sheffield Student Supply and Demand Report

 

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