Students could benefit from the competition created by Eastview Terrace this year, although some local landlords say the addition might have a negative impact on the downtown housing market.
Rob Venema, property manager for Nevins Real Estate Management, said that on-campus apartments like Eastview have a sizeable impact on his business.
"For some landlords, it will mean lower prices, more services or more amenities included with rent," he said. "Landlords will have to work harder to retain their residents."
Eastview Terrace, which houses 808 upperclassmen, opened at the beginning of the fall semester.
Venema added that he could not comment on specifically how much his business might cut prices or increase services for tenants.
Kris Holzwarth, property manager for Associated Realty Property Management, said on-campus apartments like Eastview make the housing market more competitive.
"Eastview Terrace raises the bar, since it forces landlords to upgrade apartments that they offer," Holzwarth said.
Holzwarth added that the increased competition among downtown housing groups is good for students.
"When landlords have to upgrade their apartments or offer more services, students benefit," Holzwarth said.
Penn State Housing Director Sandy Harpster said Eastview Terrace was not meant to take away business from downtown housing management groups.



