With as many as 400 colleges and universities across the state, student housing makes up a sizable chunk of the California real estate market. And Southern California is a busy part of it. But an affordability crisis has many wondering how the market can keep up while also ensuring that many students aren’t priced out of it.
Research last year across 66 college campuses revealed a picture of college life for many students far at odds with the more recent specter of wealthy families attempting to buy their way into expensive private universities. The reality for college students across the country looks very different, researchers found, with 36 percent struggling to get enough to eat and pay for housing.
Meanwhile Southern California colleges continue to draw students from across the country and the world, ensuring that the demand for student housing will continue to create pricing pressure on a limited supply. These are the issues that developers and investors have on their plates as the Bisnow SoCal Student Housing and Higher Education Summit gets under way Oct. 2 in Los Angeles.
The event will include networking and discussions around the investment, development and economic trends impacting the Southern California market for student housing.
A Reliable Environmental Partner for the Student Housing Market
As an experienced environmental partner to many California colleges and universities undergoing renovation, redevelopment, and mitigation for environmental hazards, Omega plays a critical role in the market for safe and affordable student housing throughout the region and beyond. We’re proud to be a summit sponsor and to share our work in assessing and remediating asbestos, lead, PCB and mold contamination for a wide variety of campus housing and classroom structures. Our work provides developers, architects, investors and campus officials with the security of knowing that their projects will not be sidetracked by unidentified or unmanaged environmental hazards that threaten student health and safety and can send costs and deadlines spiraling out of control.
To learn how we helped Occidental College save $900,000 on a project to mitigate asbestos and lead from a more than 100-year-old building undergoing renovation, you can read our case study here.
To learn more about our expertise in providing reliable and cost-effective environmental consulting and assessment, join us at the summit at the L.A. Grand Hotel Downtown on Oct. 2, or give us a call, or click on the link below.