Real
estate investors, developers, and brokers often evaluate current and
possible opportunities within proximity of a college campus. Those
opportunities may range from student housing to restaurant, retail, or
some form of student service. Despite variations between campuses in big
cities and traditional college towns, students typically need the same
types of services. Research includes the expected number of students,
and advance schedules determine the dates when students would be
arriving, vacationing, and leaving the campus area.
These
factors would seem like easy research. Not many give any thought to
researching the viability of the college or university and its campus
continuing for years to come. As the below linked article demonstrates,
the viability of a campus is now among the matters to research. Schools
need warm bodies which generate revenue, just like any other business.
These days, it is no longer a given that schools which depend on tuition
are going to be around for years to come.
Students
and their supporting families need to look at more than the rising cost
of attending a private school, college, or university. That expense
often does not include the cost of staying on or near campus,
transportation, food, clothing, and materials. Some students and parents
have begun running the numbers on the possible difference of spending
six figures over four or five years against seeking work which pays less
but is available years sooner.
The
impact of a campus coming to a close is heavy on the real estate life
of the municipality which has been hosting a campus for many years. Based on recent research, including the below linked story, studying enrollment trends should become part of preliminary research for a viable location. It may be more important than running the numbers on the property. You don't need a college education to figure that out. Just the right research person or team.
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