Jun
16
Originally published on June 8, 2021, by Tom Acitelli for The Commercial Observer.
Call it another benefit of education.
Dedicated off-campus student housing is exiting the pandemic as a potentially more profitable, long-term commercial real estate asset than malls, hotels and offices. Part of that is what the pandemic did to those other assets.
Malls were already struggling with e-commerce when the pandemic slashed foot traffic to near zero and kept it there for months; hotels shuttered by the thousands amid plunges in tourism and business travel; and companies kept their employees out of the office for months.
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