Abstract

This study was carried out at the point when college quota reduction began in earnest by focusing on the impact of universities on the local community and the reduction of the student-age population, an absolute risk factor for local universities. Based on the perspective of studio providers around local universities, the percentage of local university quota reductions that will take place over the next 10 years was predicted and further reflected in the studio vacancy rate. The diagnosis of one-room business feasibility around colleges was conducted after net present value(NPV) and internal rate of return (IRR) that were calculated based on the estimated one-room operating income for each year, and then a comparative analysis was carried out with the previously guaranteed rate of return. Finally, a countermeasure according to the results was presented. According to the difference in distance from the university, after selecting 3 sample studios and analyzing the returns, the lower the capital input ratio and the farther away from the university, the worse the financial soundness due to the increase in the vacancy rate. In addition, the decline in demand for one-rooms around the university district due to the decrease in the number of colleges and excess supply of the one-rooms around the university are consistent at an appropriate level, so one-rooms with weak competitiveness have not secured the feasibility of investment as a rental business ,and faced a crisis of being eliminated according to market principles. Therefore, a detailed approach was made to awaken the risk factors of the one-room supplier around the university through a detailed approach to the win-win plan using industry-academia linkages between local communities and universities. Also, before social chaos, the necessity of business conversion through alteration of the purpose of use was confirmed and recommended.

Full Text
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