February 17, 2025 - 10:27
Amherst was the center of the action for big-ticket real estate deals in Erie County last month, highlighted by the $40.5 million sale of a student housing community. This significant transaction underscores a growing trend in the commercial real estate market, where investors are increasingly drawn to properties that cater to the expanding student population in the region.
The sale reflects a robust demand for student housing, fueled by rising enrollment figures at local universities and colleges. Investors are recognizing the potential for steady rental income and long-term appreciation in value. The student housing sector has proven resilient, even amidst fluctuating economic conditions, making it an attractive option for those looking to diversify their portfolios.
In addition to the student housing sale, other notable transactions in Amherst indicate a strong start to 2025 for commercial real estate. The area's strategic location and ongoing development projects are likely to continue attracting significant investments, further solidifying its status as a key player in the regional real estate market.
