The Neighborhood Effect
By Herman Berliner July 18, 2010 8:12 pmAll of us have heard that the key bottom line in real estate is location, location, location. The value of property, be it residential or commercial, is directly tied to the neighborhood and what positives or negatives are contained therein. How good is transportation and access; how good are the schools; how low is the crime rate; and what is the proximity to major attractions and critical needs. Do we have a water view or a strip mall view; it all enters into the equation.
For a college or university, location presently has two major dimensions. Why presently? The world is clearly changing. Students especially at the graduate level and especially also for part-time programs will, in the years ahead, no longer be attending class the way that we were educated or the way that we have taught most of our careers. On-campus programs (once again, especially part-time and graduate programs) will gravitate to distance learning, most likely the blended variety. On the undergraduate level, however, the campus experience remains crucial and the location factors are real assets or real concerns.
Going back to location - the first aspect of location is the neighborhood, the college or university is located in. Is the school in an urban setting, in a suburban setting, in a rural setting? All have their advantages and all have their disadvantages and potential students
