Stony Brook University - Student Affairs

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MARKET ANALYSISOff-campus Amenities (n=15)ParkingCable / Internet HookupDishwashersA/CLaundry FacilityWalk-in / Oversized ClosetPets AllowedNear Bus LinePatio/BalconySwimming PoolClubhouseFitness CenterOutdoor Sports FacilityW/D in UnitOn-line Payment SystemFurnished UnitsStorage0 2 4 6 8 10 12 14 16B&D analyzed eight school districts, where each was designated as an alphanumeric zone: A)Smithtown; B) Middle County; C) Comsewogue; D) Port Jefferson; E) Hauppague; F) CentralIslip; G) Sachem; and H) Longwood.Within the aforementioned zones, apartment complexes were chosen to study the relationshipbetween current prices and square footage options given to Stony Brook students. The list ofapartments can be found in Exhibit A of this report.Stony Brook UniversityGraduate & Professional Student Housing StudyPage 4
MARKET ANALYSISAlthough prices varied significantly from each of the zones, those closest to the waterfrontcommanded the most rent for studios, one-, two-, and three-bedrooms. Average rental ratesaccording to unit type by zones were also calculated. The chart below clarifies that all unit types,except studio units, were less expensive in the Zones E, F, G, and H (furthest from the harbor)and more expensive in Zones A, B, C, and D (closest to the harbor).Average Rental Rate per Unit Type per Person$1,600$1,400$1,200$1,058$1,343$1,245$1,000$800$600$805$883$828 $865$641$400$200$0Studio One-bedroom Two-bedroom Three-bedroomZone A, B, C, DZone E, F, G, HSquare footage was also taken into consideration for the analysis of the selected apartmentcomplexes. Variation in size and price within each of the zones was seen across all apartmentunits. Again, apartments closest to the water offered more square footage per unit.Average Square Foot per Unit Type1,4001,2001,0691,3271,1961,0008008167229186005605064002000Studio One-bedroom Two-bedroom Three-bedroomZone A, B, C, DZone E, F, G, HA comparison of average rental rates for off-campus apartments / residential units and Universityapartments was considered for further evaluation. Results indicated that the off-campus marketStony Brook UniversityGraduate & Professional Student Housing StudyPage 5
Page 1: Stony Brook UniversityGraduate & Pr
Page 5: TABLE OF CONTENTSSection1. Executiv
Page 9 and 10: EXECUTIVE SUMMARYEXECUTIVE SUMMARYI
Page 11 and 12: EXECUTIVE SUMMARYA benchmark analys
Page 13 and 14: EXECUTIVE SUMMARYB&D further analyz
Page 15: EXECUTIVE SUMMARYRental Rate Sensit
Page 19 and 20: MARKET ANALYSISFOCUS GROUP SUMMARYO
Page 21: MARKET ANALYSISOFF-CAMPUS MARKET AN
Page 25 and 26: MARKET ANALYSISPEER INSTITUTION AND
Page 27 and 28: MARKET ANALYSISBOSTON UNIVERSITY SC
Page 29 and 30: MARKET ANALYSISTEMPLE UNIVERSITY -
Page 31 and 32: MARKET ANALYSISUNIVERSITY AT BUFFAL
Page 33 and 34: MARKET ANALYSISEMORY UNIVERSITY - A
Page 35 and 36: MARKET ANALYSISSURVEY ANALYSISObjec
Page 37 and 38: MARKET ANALYSISrespondents lived in
Page 39 and 40: MARKET ANALYSISQ35. With whom do yo
Page 41 and 42: MARKET ANALYSISTop five determinant
Page 43 and 44: MARKET ANALYSISTop five desired fea
Page 45 and 46: MARKET ANALYSISDEMAND ANALYSISObjec
Page 47 and 48: MARKET ANALYSISB. One-bedroom / One
Page 49 and 50: MARKET ANALYSISD. Four-bedroom / Tw
Page 51 and 52: MARKET ANALYSISDefinition of Demand
Page 53: MARKET ANALYSISTarget MarketFall 20
Page 57 and 58: FINANCIAL ANALYSISObjectivesB&D dev
Page 59 and 60: FINANCIAL ANALYSISThe financial mod
Page 61 and 62: FINANCIAL ANALYSISSouth CampusThe S
Page 63: FINANCIAL ANALYSISConclusionAs evid
Page 67 and 68: SUNY Stony Brook page 1Survey of Se
Page 69 and 70: SUNY Stony Brook page 3Unit Cost an
Page 71 and 72: SUNY Stony Brook page 5Unit Cost an
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SUNY Stony Brook page 7Suffolk Coun
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SUNY Stony Brook page 9Residential
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SUNY Stony Brook page 11Suffolk Cou
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SUNY Stony Brook page 1Benchmarking
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Stony Brook University Graduate and
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Q11. Please rate each of the follow
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Q31. What type of living arrangemen
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Q38. Do you have a single bedroom?
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Q75. In order to help us understand
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Q85. In order to help us understand
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Q94. If new student housing were of
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Q104. If new student housing were o
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Q113. What is your classification a
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Q121. What is your age? SELECT ONEC
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Exhibit D
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STONY BROOK UNIVERSITYGraduate & Pr
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STONY BROOK UNIVERSITY Site Locatio
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STONY BROOK UNIVERSITYStudent Housi
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Stony Brook University - Student Affairs

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