student housing

Groundbreaking Student Housing Survey Released – MultifamilyBiz.com

Groundbreaking Student Housing Survey Released – MultifamilyBiz.com

LAS VEGAS, NV – J Turner Research, a leading market research firm exclusively serving the multifamily industry and the National Apartment Association (NAA), the nation’s leading advocate for quality rental housing, today release the findings of one of the largest student housing surveys ever conducted.  According to Survey Says: Apartment Features, Amenities and Programs That Sell to Students and Parents, 38 percent of students and 35 percent of parents say collegiate friends and roommates are the most common way they learn about an apartment community.  The findings are based on responses from 11,195 students and 3,605 parents collected between January 20, 2012 and February 1, 2012.

Peak Campus Management, a leading student housing provider in 16 states nationwide, will deliver the survey findings during an innovative “Family Feud” style game show panel at the 2012 NAA Student Housing Conference in Las Vegas.  The objective of the survey was to determine which apartment features, community amenities and resident programs are most preferred by both students living in student housing communities as well as parents whose students reside in campus housing.  The survey aimed to provide developers, owners, operators, on-site staff and multifamily marketing executives with a clear understanding of the differences and similarities between these two audiences.

“The results of this survey provide some of the most compelling data we’ve ever seen regarding the student housing apartment industry,” said Joseph Batdorf, president of J Turner Research. “Clearly the power of referral is driving leasing decisions in student housing, and student housing professionals can certainly benefit by proactively delivering the amenities and customer service levels that translate to community recommendations.”

When it came to selecting an apartment, 47 percent of students cited rental rates and price as their top determinant, while parents pushed security to the top of their list. In fact, at 20 percent, rental rates and pricing ranked only third among parent respondents, who ranked security (34 percent) and location/proximity to campus (29 percent) as more important than price when selecting an apartment community for their student.

“NAA is extremely pleased with the phenomenal results of this particular survey,” said Doug Culkin, president and CEO of NAA. “It is my hope that these findings will provide our student housing provider members with actionable intelligence, and better insight as to how to meet the demands and needs of their core customers, which includes both students and their parents.”

 Other Interesting Findings:

  • Private bedrooms and bathrooms remain the most important apartment amenity among students and parents (40% and 62% respectively), followed by in-unit laundry (19% and 16%) and large bedrooms (11% and 8%).
  • The number one way students communicate with their peers is – not surprisingly -with mobile phones, and primarily via text, where most students estimated sending more than 100 texts per day.
  • When visiting an apartment community website, both parents and students are most interested in getting information about rental rates (parents 48 percent, students 57 percent) followed by photos of property, unit and common areas (parents 20 percent, students 21 percent).
  • Besides pricing and locations, most students (19 percent) find professional leasing and management staffs to be most important to them.
  • The top cable channels for students include ESPN, The Food Network, MTV, and FX.

Methodology: Four student housing owners/operators, Peak Campus Management, EDR, Campus Apartments and Grand Campus Living, participated in the survey providing access to both student and parent databases. More than 69,000 surveys were distributed to students attending 159 different colleges and universities across the country and more than 27,000 surveys were distributed to parents, Survey questions gathered information from students and parents on a variety of topics including community and unit design and amenities, social media, reception to student housing marketing programs and print and electronic media consumption patterns. The e-mail based survey was conducted between January 20 and February 1, 2012, generating responses from 11,195 college students and 3,605 parents, Survey Says: Apartment Features, Amenities and Programs That Sell to Students and Parents represents one of the largest and most comprehensive surveys on student housing trends to date.

To download an executive summary of the complete survey results, visit the NAA Website

Based in Houston, J Turner Research is the largest provider of off campus student housing surveys in the nation, representing more than 370 communities.  The company specializes in developing and executing innovative and affordable research services for multifamily owners/operators of both student and conventional apartment communities. Utilizing an e-mail based survey program, J Turner Research accurately measures the perceptions of prospective and current residents to help owners better understand how to optimize operational and marketing efficiencies within a portfolio of communities.

The National Apartment Association (NAA) is America’s leading advocate for quality rental housing. NAA’s mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public.

NAA is a federation of 170 state and local affiliates, comprised of more than 55,000 multifamily housing companies representing more than 6.2 million apartment homes throughout the United States and Canada. Members in good standing of any affiliated association are automatically considered members of NAA and entitled to NAA benefits.

NAA members represent all facets of the multifamily housing industry: apartment owners, management executives, developers, builders, investors, property managers, leasing consultants, maintenance personnel, suppliers and related business professionals throughout the United States and Canada.

Source: J Turner Research / #StudentHousing #Research

 

Groundbreaking Student Housing Survey Released – Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com.

If you like it, please share it!
Facebook Twitter Linkedin Stumbleupon Tumblr Digg Reddit Email

Read More

Students Rely on Google & Friends to Find Housing

Students Rely on Google & Friends to Find Housing

Students Rely on Google & Friends to Find Housing

AUSTIN, TX - Google scores highest among college students looking for an apartment as students continue to turn away from traditional advertising – such as ads in campus newspapers – and instead go online to shop for a new place to live, according to a nationwide survey of more than 500 college students.

The survey was conducted by Catalyst, an Austin-based marketing firm that specializes in the student housing industry, and asked students about their use of digital/social media and the types of marketing tactics that typically impact their housing decisions.

Fifty-three percent of students surveyed ranked Google/internet searches as most important in helping them find a place to live. Friends’ recommendations and those from parents followed at 37 percent and 27 percent, respectively. They identified Facebook, ads in the student newspaper, student activities sponsored by apartment communities and online ads/promotions as least important in helping them find an apartment.

The survey also found that 98 percent of college students use Google Search to find information online, and 71 percent of the students ranked Google as the most important website/application they use. Google was followed in order of importance by university websites and Facebook. The students said they rarely turned to Twitter or Google+, which is still relatively new. In fact, the majority of students surveyed said they never use Twitter.

When looking for an apartment, few students use apartment-specific websites, such as apartments.com or apartmentguide.com. The survey showed they prefer to simply use Internet search engines to find information about apartment communities. As expected, they also placed greater importance on digital marketing methods that leveraged the social media posts/messages of friends and peers, as well as email messages.

“What we’re seeing is that college students are becoming increasingly savvy in how they filter digital media marketing messages,” Catalyst CEO John Kerrigan said. “They are using search engines, Facebook pages and comments from friends to do their homework in their search for apartments. At the same time, we are seeing a steep drop-off in the impact of traditional advertising in print publications, such as campus newspapers, on searches for student housing.”

The survey’s findings mirror those seen in college student focus groups Catalyst conducted in the fall. The firm periodically conducts focus groups and surveys of students to identify the most effective ways of marketing student housing properties to them.

This latest survey shows that digital media is becoming increasingly prevalent among college students as a resource when making rental housing decisions.

Other highlights from the survey include:

  • Almost half (47 percent) of students surveyed spend four to seven hours online every day.
  • The majority of students have some type of smartphone with 42 percent saying they have an iPhone and 30 percent saying they have an Android.
  • 61 percent of students say they will watch a video that is on a website they are visiting.
  • 78 percent of students surveyed said they would use Facebook to learn more about an apartment community.
  • Email (68 percent) and texting (49 percent) were ranked as their most important methods of electronic communication.

Source: Catalyst / #StudentHousing #Apartments

If you like it, please share it!
Facebook Twitter Linkedin Stumbleupon Tumblr Digg Reddit Email

Read More