Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.1 Billion | USD 14.1 Billion | 10.9% | 2022 |
FrequentlyAsked Questions
Purpose-built student accommodation which is a long form of PBSA is a kind of housing facility constructed for university students. These real estate properties are in two forms, namely, cluster flats having private kitchens but shared living spaces and another one is modern residence halls comprising bedrooms with dining facilities, shared kitchens, and living units.
The global PBSA market growth is owing to the growing need for accommodation for housing students on or off-campus.
According to a study, the global PBSA market size was $9.1 billion in 2022 and is projected to reach $14.1 billion by the end of 2030.
The global PBSA market is anticipated to record a CAGR of nearly 10.9% from 2023 to 2030.
The North American PBSA market is set to register the fastest CAGR over the forecasting timeline subject to favorable legislation pertaining to student study visas as well as green card and permanent residence laws in the countries such as the U.S. and Canada.
The global PBSA market is led by industry players such as CRM students, Placio, Youthville Serviced Hostels, Uni Acco, Stanza Living, Amber Student, Unite Group, and University Living.
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