The rise and rise of PBSA – growth continues despite Covid-19
The purpose-built student accommodation (PBSA) sector is continuing to grow despite the huge impact on universities from the coronavirus pandemic, which has seen the vast majority close their doors and most students returning to their hometowns to be in lockdown with their families.
The latest data from StuRents indicates that, as of June, almost 23,000 PBSA beds are being advertised for the 2020-21 academic year.
Assuming all schemes in the pipeline that are currently being marketed do come to fruition this year, then the PBSA market could exceed 700,000 bed spaces for the first time, with private operators controlling more than half of supply …