The Italian student housing market is notably different from others. A lack of English taught courses continues to be the biggest barrier to internationalisation of its education, and regional divides hinder investments into student housing. Nonetheless, we still see growing interest in both Italian higher education and the Italian student housing market. After all, students […]
At The Class of 2020 we have worked extensively towards our goal to provide a more open, professional, and effective student housing market. Whilst working with investors, developers, and university officials it has become clear that to achieve our objective, the strategic business and planning sides must be paired with providing practical skills and tools […]
The Class of 2020 kicked off this year’s regional sessions with an event in Dublin on Thursday April 6th that brought together key stakeholders of the Irish student housing. The current state and direction of Ireland’s thriving student housing market was discussed in two panels, one with the most prominent student housing investors and operators, […]
What was once considered niche, has been reported as the number one choice for investors, according to the latest “emerging trends in real estate” report by PWC and ULI. As the leading think tank in student living in Europe, The Class of 2020’s presence at MIPIM used to be a bit curious. Four years ago, […]
By Manu Moritz
The international competition for talent is at an all-time high. In this article, we explore how global forces and an outward focus by both cities and universities may in fact lead to building stronger local communities.
Globalisation. Neoliberalism. These are buzz words that have been thrown around for years now to describe the new economic, political and social world order. Defined by a greater and faster global flow of goods, services, and people, cities are now more than ever in an aggressive rat race to attract global resources and remain relevant. Perhaps the most valuable of these ‘resources’ is talent. Given the growing international competition among city-regions and universities, the need for greater city-university cooperation to build and maintain a competitive edge is at an all-time high. This is even more relevant due to the recent, rapid internationalization of student populations, with students seeking out universities and city environments that best meet their academic, career, and lifestyle goals. As such, questions are raised regarding how the relationship between cities and their universities can be leveraged to optimise attracting and retaining this globally ‘footloose’ talent.
It is well-known that universities act as tremendous growth-poles for the city-regions they are in. Likewise, economically and culturally attractive cities help draw students from afar to local universities. This is a natural synergy, but it is also one that can be cultivated to bring in the additional talent that cities and universities actively seek.
However, the successful collaborations between a city and its universities are much more than the direct economic benefits between the two (i.e. spin-offs, knowledge transfer, etc.). Rather, universities represent a local, yet fiercely independent, academic community within their city-region. Their ability to provide unique and valuable amenities to the city around them, but also their need for city life and services, puts universities in a crucial position within the urban realm. As such, universities should be recognised and treated as the local institutions that they are; they should be treated as a part of the community, a member which can help drive forms of socially (and environmentally) beneficial urban growth. In return, the city becomes a much more welcoming and integrated part of the life of the university, directly benefitting not just the students and staff studying and working there, but also becoming a more attractive place for new talent.
A positive ‘town-gown’ relationship is something cities and universities should strive for anyway, yet it may be that it is external, global forces that influence it in the places it does not exist. Thus, while globalisation may have led to a dis-embedding of cities and universities from their local preconditions, it may also inevitably be what motivates bringing these two together more than ever before.
In the UK alone the number of international students enrolled in universities rises at an average annual rate of 6.4%. These students bring in millions of pounds to the economy, but whilst this provides financial benefit to university institutions, it poses certain challenges for accommodation providers and interior designers. Challenges that Student Furniture has long […]
Transformations in student housing, campus development and European city life will increasingly be focused on innovation and collaboration, sometimes at odds with an ever-changing political climate. What do universities as ‘learning hubs’ signify for the cities of the future, asks Arik Day When Europe’s graduating class of 2020 step past their respective podiums to accept […]
The financial implications of going to university are making headlines in both the US and the UK. Rising study costs around the world are at odds with the notion that higher education should be accessible to anyone and everyone, regardless of background. As part of the total cost of a degree, Manu Moritz takes a […]