Developers and designers are
beginning to focus on creating micro-housing units that provide housing options
near universities at a reasonable price. Micro housing provides students with
miniature spaces set up for sleeping, study and preparing simple meals. With
the rise in the student enrollment and worker population, micro unit houses
give students’ and workers’ access to
affordable accommodation. Many cities and countries are experimenting with
micro-housing to meet the growing demand for affordable student and worker
accommodation. For example, University Student Living of The Michaels
Organization is currently developing micro units near Boston University between
325 and 400 square feet each offering a private kitchen and bathroom.
THE BUSINESS RESEARCH COMPANY EXPECTS THE STUDENTS AND WORKERS NON-RESIDENTIAL ACCOMMODATION MARKET TO GROW TO $26 BILLION BY 2021
Asia Pacific was the largest
region in the students and workers’ non-residential accommodation market in
2017, accounting for two-fifth of the market share.
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According to The Business Research
Company’s Consultant, Nitin Gianchandani,
companies are beginning to look for ways to provide sustainable housing
to reduce their environmental footprint. Energy and water efficiency are the
top priorities of accommodation owners due to their cost saving benefits, as
most student accommodation provides energy and water to residents as part of
the fixed rentals. Other measures, such as maximizing the benefits of
orientation and maximizing indoor air quality, are being used to create healthy
buildings. For example, Campus Living Villages, a global developer and operator
of on-campus student accommodation, delivered sustainable projects that
included collecting over 31,000kw of solar energy and 787,000 liters of
rainwater at the University of Melbourne student village in the first four
months of 2016 alone.
Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=288&type=smp
Centurion Corporation Limited was the largest company in the
students and workers’ accommodation market in 2017, with revenues of $8.7
billion for the financial year 2016. Centurion Corporation Limited’s growth
strategy is focused on developing customized accommodation management services,
enhance and manage its assets and identify strategic acquisitions and joint
ventures. The company’s latest projects which include Westlite Tampoi in
Malaysia, Westlite Woodlands in Singapore and a supplemental agreement with
Penang Development Corporation to finalize plans for its workers’ accommodation
in Penang are part of its expansion strategy.
The students’ and workers’
accommodation market comprises businesses that provide long term accommodation
for residents in these categories. It includes housing provided by
organizations for long-term housing of their employees. The accommodation may
serve as a principal residence for the residents for the period of occupancy.
Students
And Workers Non-residential Accommodation Global Market Report 2018 is a
detailed report giving a unique insight into this market. The report is priced
at $4000 for an individual user. To use across your office, the price is $6000
and $8000 if you wish to use across a multinational company.
About The Business Research Company
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The Business Research Company is a
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It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
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The Business Research Company's
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have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
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