The student housing landscape is undergoing significant changes as students demand more than just a basic room with utilities. Today’s students value convenience, connection, and sustainability, raising the bar for property managers and owners. Meeting these expectations isn’t just a challenge—it’s an opportunity to differentiate your property in a competitive market.

Shared amenities are a key solution for addressing these shifting demands, boosting tenant satisfaction, and enhancing retention rates. Here’s how integrating shared amenities with TULU’s tailored solutions can elevate your student housing property.

The Demand for Enhanced Amenities: A Look at the Data

• Expectations Are Higher: According to the 2023 NMHC Student Housing Research Report, over 70% of students consider high-quality amenities a critical factor when choosing housing.
• Retention Matters: Properties with modern amenities experience up to 20% higher renewal rates, as highlighted by the StarrEZ Student Housing Report 
• Sustainability Sells: Gen Z is leading the charge in sustainability, with 76% stating they’re more likely to support environmentally responsible housing, according to NielsenIQ’s 2023 Global Sustainability Trends Report.

These data points make it clear: shared amenities are no longer optional—they’re essential for staying competitive in the student housing market.

Cost-Effective Solutions for Modern Student Housing

For students and parents, budget is always top of mind – especially in student housing, where keeping rents competitive is crucial. Shared amenities, like household appliances and tools, offer a cost-effective way to provide high-value services without straining budgets. 

• Shared Costs: Instead of each student purchasing their own vacuum or printer, TULU’s rental platform provides shared access to these items on-demand, cutting down individual expenses.
• Operational Savings: TULU’s automated inventory management and usage tracking save property managers time and reduce the complexity of overseeing shared amenities.

Creating Community Through Shared Spaces

For students, college is as much about forming connections and creating memories as it is about academics. Shared amenities play a key role in fostering a sense of community, which is a major attraction for today’s renters. 

• Social Hubs: Communal lounges, gaming rooms, and collaborative workspaces are proven to enhance tenant satisfaction.
• Mobility: From e-scooters to bicycles, TULU provides sustainable, on-demand transportation options that students need and love. 
• TULU’s Customizable Units: Our sleek rental units can integrate seamlessly into these shared spaces, transforming them into vibrant, interactive areas students love. Enhancing their living experience also enhances their sense of belonging, which is a key driver of tenant retention.

Insights Into What Students Value Most

Staying competitive requires understanding what students truly value. Convenience, sustainability, and tech-forward solutions are key. Students seek properties that make their lives easier while also aligning with their values.

• Sustainability: TULU’s commitment to sustainability appeals to environmentally conscious students. Implementing shared resources allows properties to reduce waste and their carbon footprint – a move that resonates with tenants looking for more sustainable living options. 
• Tech-Enabled: TULU’s tech-driven approach, with app-based access and usage analytics, ensures properties align with the needs of a mobile generation.

Why Choose TULU for Student Housing?

Partnering with TULU elevates student housing properties by making them sustainable, smarter, more efficient, and better equipped to meet the growing demands of students. With TULU, adapting to the changing demands of student housing is effortless, improving everything from NOI, to operational efficiency to tenant satisfaction and retention.Ready to learn more? Contact TULU today to discover how we can elevate your student housing properties.