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Montréal Student Apartments

 

CLIENTS

Université de Montréal HEC Montréal Polytechnique Montréal

 

PROPERTY VALUE

Confidential

 

LOCATION

Montreal, Quebec, Canada

 

Addressing Our Clients' Needs

 

For several years, Université de Montréal, HEC Montréal and Polytechnique Montréal have been working on the redevelopment of the Outremont site, located approximately 2.5km from the main campus. The three institutions hired Altus to assess the potential for student apartments to be constructed on this site. The objectives of the mandate included:

 

 Draw a picture of the current situation of student accommodation. Identify the criteria influencing their choices of location and accommodation.

 

 Measure interest in student apartments located on the Outremont campus, by type of apartment (1 open bedroom, 1 bedroom, 2 bedrooms and 3 bedrooms). Build a profile of interested students.

 

 Assess the elasticity of the prices for these apartments. Identify (free and paid) services that may be of interest to students in a student apartment complex.

 

Results

 

With the reliable data Altus Group provided, the three universities were able to move forward with the project. The data also enabled them to accurately define the number and type of units to be built in addition to establishing the rents and services to offer. With our highly skilled and experienced personnel based in Canada, we are able to draw upon a diverse array of real estate experts to resolve the challenges that confront our clients. Our expertise includes real estate appraisal for all asset classes, financial analysis and modeling, urban land economics, costing specialists, project management, asset strategy, capital planning, market research, demographic analysis, land use planning, management consultation, property tax specialists and geomatics.

 

http://www.groupealtus.com/projets/%C3%A9tude-de-cas/montr%C3%A9al-student-apartments/6073#

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