Built by educational institutions or private real estate developers, modern student residences rely on accessibility, opportunities for student interaction and the formation of multi-functional environments. Because of this approach, modern student housing is becoming increasingly more comfortable to live in and fit better within urban environments than the old-fashioned dormitories of the mid-late 20th century.
High-quality housing for students has become an important focus for many universities and cities. Universities all over the world seek to create spaces in which students can communicate, participate in events, and continue their studies long after classes are over, and much more. Modern student residences and coliving arrangements have become important elements of the urban environment, providing infrastructure not only for university students, but also for residents of adjacent districts. Additionally, many young professionals continue to live in them after graduation.