Consultant says there's more student housing than needed in Tusc - WBRC FOX6 News - Birmingham, AL

Consultant says there's more student housing than needed in Tuscaloosa

A consulting firm says there are already 1,000 more beds than needed. Source: WBRC video A consulting firm says there are already 1,000 more beds than needed. Source: WBRC video
TUSCALOOSA, AL (WBRC) -

Newly released information shows there's more student housing than the market can support.

Rock Advisors, an apartment consulting firm, told the Tuscaloosa Student Housing Task Force that there are about 1,000 more beds than the market needs.

Even though Tuscaloosa's apartment occupancy rate is at a healthy 97 percent, some student complexes are already offering concessions for new residents. Experts say it's a sign of a potentially weakening market.

The task force was formed to investigate the amount of student housing that was really needed after some in the community voiced concerns that developments had oversaturated the market.

Tonight after the ALCS Game 5, reporter Josh Gauntt tells us what the head of the task force says about the future for the student housing market.

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