Chances are your college apartment didn’t have walk-in closets, granite countertops and a resort-style pool with private cabanas.
But for a growing number of college students, these luxury amenities are becoming the norm.
Nationwide, student housing totaling more than 30,000 beds is estimated to be under construction around campuses, the Wall Street Journal reports. Low housing inventory combined with booming enrollment and a demand for luxury are resulting in new high-end developments that rent for top dollar.
“Real estate investors and developers, hungry for new areas of growth, are finding a lucrative and previously untapped market in these areas surrounding college campuses,” the report says.