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Preleasing Outpaces Last Year, Rent Growth Still Slow Preleasing for the Yardi 200 schools reached 93.7% in August 2025, slightly above final occupancy last year and well ahead of August 2024 levels, signaling another strong year for student housing demand. Rent growth, however, has slowed to just 1.1% year-over-year, down from stronger growth in prior leasing cycles, with many large markets seeing rents decline late in the season. Rent growth has averaged 2.7% for the 2025-2026 leasing season, down from 5.7% last year and 6.9% the year before.
Preleasing for the Yardi 200 schools reached 93.7% in August 2025, slightly above final occupancy last year and well ahead of August 2024 levels, signaling another strong year for student housing demand. Rent growth, however, has slowed to just 1.1% year-over-year, down from stronger growth in prior leasing cycles, with many large markets seeing rents decline late in the season. Rent growth has averaged 2.7% for the 2025-2026 leasing season, down from 5.7% last year and 6.9% the year before.
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