Commercial Property

Analysis: Student digs and hotels more viable than city centre resi schemes

Hotel and student accommodation out-do city centre residential development deals

Purpose built student beds on average extend to 15 square metres and trade at around €200,000 per bed space, while a 65 square metre new city apartment may have a gross development value of about €500,000 per unit within a scheme

The office market continues to be in a period of transition - and demand for more residential development is greater than ever. Meanwhile, pent-up demand for city centre hotel and student accommodation development opportunities has gone somewhat under the radar in comparison.

There has been a notable shift in developers’ rational towards sites and older buildings around the city, which traditionally have been earmarked for office and residential use. These are now seeing hotel and ...