Navigating off-campus housing? Here are some important considerations!

Student housing at the University of Delaware has been a topic of interest for Newark officials for quite some time. Back in 2014, the city conducted a rental needs study, revealing a growing demand for approximately 50 additional apartment units annually to meet the needs of the community. With the University’s student population steadily rising and on-campus housing options dwindling, private off-campus developers have stepped in to bridge the gap.

While this shift necessitates additional research and planning from students and their families, resources like the University of Delaware Housing, Sublets & Roommates Facebook page exemplify the supportive nature of the UD community in navigating this aspect of the college experience.

Venturing into the realm of off-campus housing can feel like diving into the unknown, but fear not! Let Lang break it down and make it a bit less daunting. Here’s a comprehensive look at the key factors to consider as you embark on your housing hunt:

Group Size: Before diving headfirst into your search, take stock of how many roommates you’ll be living with. This crucial piece of information will help narrow down your options and ensure you’re considering properties that comfortably accommodate your group.

Number of Bedrooms/Bathrooms: Once you’ve got your group size confirmed, it’s time to think about your living preferences. Does everyone in your group desire their own private bedroom, or are you open to sharing? Some of our units offer one person per bedroom, but others may allow sharing, so it’s worth discussing with your crew.  The bathroom situation can also be a make-or-break factor for many. Are you comfortable sharing facilities with multiple people?  One person?  None at all?  Considering this early on will save you potential headaches down the road, and is a great first step in defining your wish list.

Location: Which part of Newark appeals to you most? Are you aiming for proximity to UD campus buildings, the bustling energy of Main Street, or perhaps a quieter neighborhood vibe? Keep in mind that our property portfolio spans various areas of town, ensuring you’ll be sure to find something to match your preferred locale.

Type of Property: Another important consideration is the type of living situation that aligns with your lifestyle. Are you envisioning the independence of a standalone house with a yard, the convenience of an apartment, or perhaps something in between, like a townhouse? Each option offers its unique perks, so weigh your preferences carefully.

Amenities: Let’s talk comfort and convenience. Is central air conditioning a must-have for you? If you own a vehicles, parking availability is undoubtedly a consideration.  Early on, take note of these amenities (and others) for each property you’re eyeing to ensure they meet your needs.

Cost: Ah, the bottom line. Have a rough idea of your budgetary constraints to guide your search. Rent prices can vary significantly based on factors like amenities, location, and property type, so having a ballpark figure in mind will help narrow down your choices.  Another part of understanding “costs” is understanding what’s included in the rent and what additional expenses you’ll need to budget for. While our properties typically do not include utilities, it’s essential to factor in these costs when planning your budget.  Feel free to ask what average costs for utilities have been in the past for your particular unit.

Availability:  Off-campus housing at the University of Delaware is in high demand, with many students beginning their search up to a year in advance. To secure your ideal space, contact leasing@langdevelopmentgroup.com as early as possible. Our expert team can provide guidance on navigating this ever-changing market and inform you about the leasing season opening dates.

By considering these key factors, you’ll be well-equipped to navigate the off-campus housing landscape with confidence. Ready to find your perfect college home away from home? We’re excited to assist you in your search!

Photo by Joshua Mayo

lmk 2024

 

Seize the Opportunity: Prime Retail Leasing Space Available on Main Street, Newark, DE

Prime retail space at 124 East Main Street in Newark, DE

Are you ready to embark on a journey toward business success? Look no further than 124 East Main Street in Newark, Delaware, where an extraordinary opportunity awaits you. Nestled at the bustling intersection of Center St. and Main Street lies a prime retail leasing space, offering a gateway to unparalleled visibility, accessibility, and prosperity in the heart of downtown.

Prime Location: Picture yourself at the epicenter of commerce, where the pulse of the city beats strongest. This retail space occupies a coveted position at the corner of Center Street and Main Street, strategically positioned to capture the attention of passersby from all directions. Here, foot traffic mingles seamlessly with the steady flow of vehicles, ensuring your business enjoys maximum exposure and footfall throughout the day.

Ample Space: Step inside and behold the expansive canvas that awaits your creative vision. Spanning an impressive 10,900 square feet, this versatile space beckons with endless possibilities for customization and expansion. From boutique shops to flagship stores, upscale eateries to cozy cafes, the layout offers boundless potential for businesses of all shapes and sizes to flourish and thrive. With generous floor space at your disposal, you’ll have ample room to showcase your products, curate captivating displays, and create an inviting atmosphere that leaves a lasting impression on customers.

Former Walgreens Location: As the former home of Walgreens, this esteemed locale comes equipped with a legacy of excellence and a wealth of built-in amenities. Discover the convenience of existing infrastructure designed to streamline operations and enhance the customer experience. Whether you’re a seasoned entrepreneur or a burgeoning startup, you’ll appreciate the turnkey convenience of a space that’s primed and ready for your business to flourish.

Triple Net Lease: Experience the peace of mind that comes with a triple net lease arrangement, where transparency and predictability reign supreme. Say goodbye to unexpected expenses and hello to financial stability, as you enjoy the convenience of fixed monthly payments and shared responsibility for property taxes, insurance, and maintenance costs. With a triple net lease, you can focus on what you do best – running your business – while leaving the logistics to the experts.

Exceptional Opportunity: Seize the moment and stake your claim in Main Street’s vibrant tapestry of commerce. Here, amidst a dynamic mix of shops, eateries, and entertainment venues, you’ll find your place among the city’s brightest stars. Whether you’re a local artisan with dreams of expansion or a national brand seeking a new flagship location, this is your chance to shine and make your mark on Newark’s bustling business landscape.

For additional information and to embark on your journey toward success, contact Alissa Cirillo at Alissa@LangDevGrp.com or call (302) 731-1340. Don’t let this once-in-a-lifetime opportunity pass you by – secure your spot on Main Street today and write the next chapter in your business’s storied legacy.

Prime retail space at 124 East Main Street in Newark, DE

lmk 2024