Off-Campus Student Housing: 2014 Income and Expense Benchmarking Survey

Off-Campus Student Housing: 2014 Income and Expense Benchmarking Survey

  • The 2014 Off-Campus Student Housing Income and Expense Survey report is the only tool of its kind, designed to assist student housing owners and operators in comparing operating costs against that of their peers.  Conducted by NMHC’s Student Housing Council, the fifth annual survey offers the most comprehensive survey to date including; detailed financial line-item data for 539 student housing properties with over 300,000 beds in 43 states. 


    In addition to the broader, national data set, the 222-page survey includes select regional results and data for 21 individual states—Alabama, California, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.

     

    This year’s report has even more extensive information than 2013, including key data points in the areas of income, expenses and supplemental items. For the first time ever, this report offers year-over-year same-store performance for 348 properties equating to roughly 200,000 beds.

     

    More specifically, the data includes information on these line items:

    Income: Gross Potential Rent; Concessions; Vacancies; Gain/Loss to Lease; and Net Rental Income.

     

    Expenses: Net Rental Income; Total Operating Expenses; Total Compensation; Maintenance and Repairs; Marketing; Utilities (excluding cable); Taxes; Insurance; Management Fees; and Turnover (only at national level).

     

    Supplemental Items: Late Fee Income; Utility Income; Security Expense; Landscaping; Cable and Internet; and General and Administrative.

     

    Beyond the geographic breakouts, the data was also evaluated on a number of other property characteristics:


    • Type of lease (by-the-bed and by-the-unit)
    • Type of property (garden-style, mid-rise and high-rise)
    • Age of property (2006-present; 2000-2005; before 2000)
    • Size of property (up to 200 beds; 201-600 beds; 601 or more beds)
  • Price: $1,500.00 

  • Quantity: