April 4, 2025
Matrix Student Housing National Report-April 2025
Preleasing Stays Flat as Rent Growth Cools
Preleasing for the Yardi 200 schools averaged 67.1% in March 2025, just behind the level reported a year ago, with rent growth decelerating to 2.5%. Rent growth has averaged 3.9% this leasing season, compared to 5.8% in 2023-2024 and 7% in 2022-2023. Preleasing and rent growth are slowing most noticeably in large student housing markets with new supply under construction.
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