UCD res rent has no impact on occupancy rates

Collegetribune.ie: Continuous price hikes for on-campus accommodation has had no effect on the demand for beds in the UCD Residences.

Information obtained by the Tribune has revealed that on-campus accommodation occupancy rates averaged 94% in September 2016, 99.1% in October 2016, and 98.2% in March 2017.

Only Roebuck Castle Catered and the now closed Muckross Halls Residence had less than 92% of their rooms filled for the start of the last academic year. Once the year began, occupancy rates rapidly rose, with 6 of the 9 Residences at over 99% capacity in October 2016.

UCD’s most recent development, Ashfield, opened last year. 340 of its 356 beds were filled in September 2016. It was at full capacity in both October 2016 and March 2017. Accommodation costs for last year were €8,104 for the two semesters. This year, the rate is €8,334. Construction costs were estimated at €15.5 million last year, while income of €2.8 million was projected for its first year. After letting out all of its rooms during the year, UCD should achieve this projected income target.

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