{"id":5468,"date":"2023-01-19T08:43:41","date_gmt":"2023-01-19T08:43:41","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=5468"},"modified":"2023-09-13T04:36:39","modified_gmt":"2023-09-13T04:36:39","slug":"student-housing-records-record-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-records-record-2022\/","title":{"rendered":"Student Housing Records Record 2022, Yardi Matrix Reports"},"content":{"rendered":"

Sector is set up for another strong performance this year<\/em><\/p>\n

\u00a0<\/strong>SANTA BARBARA, Calif., Jan. 19, 2023<\/strong> \u2013 The student housing industry is set up for another solid performance in 2023 after record returns last year, according to the latest National Student Housing Report<\/a> from Yardi\u00ae Matrix.<\/p>\n

\u201cMomentum is strong heading into the new year, even as the effect of higher interest rates takes hold in the economy and has led multifamily rents to decelerate,\u201d say Matrix experts. \u201cStudent housing remains largely unaffected, as the industry typically does better during times of economic volatility.\u201d<\/p>\n

As of December 2022, 48 percent of beds at Yardi 200 universities were already leased for the fall 2023 school year, representing a new record high for this time of year. Rent growth also remained strong, at 4.7 percent annual growth.<\/p>\n

\u201cWith over eight months to go until the start of the next school year, we anticipate 2023 being another record-breaking year for student housing performance,\u201d states the report. One caveat: highly selective universities with name recognition are maintaining their interest among incoming students, while smaller schools are having more difficulty with enrollment.<\/p>\n

The slowing economy is having an impact on new student housing supply. With interest rates increasing, the development pipeline is contracting. The development pipeline for Yardi 200 universities (including planned, prospective and under-construction properties) decreased by over 3,000 bedrooms from December to January, representing a 2.6 percent contraction.<\/p>\n

Gain more insight in the new National Student Housing Report.<\/a><\/p>\n

The student housing data set includes over 2,000 universities and colleges nationwide, including the top 200 investment grade universities across all major collegiate conferences. Known as the \u201cYardi 200,\u201d it includes all Power 5 conferences as well as Carnegie R1 and R2 universities.<\/p>\n

Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n

About Yardi<\/strong><\/p>\n

Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies across the world. With over 8,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Sector is set up for another strong performance this year \u00a0SANTA BARBARA, Calif., Jan. 19, 2023 \u2013 The student housing industry is set up for another solid performance in 2023 after record returns last year, according to the latest National Student Housing Report from Yardi\u00ae Matrix. \u201cMomentum is strong heading into the new year, even […]<\/p>\n","protected":false},"author":753,"featured_media":5470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[422],"class_list":["post-5468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-student-housing-outlook"],"yoast_head":"\nStudent Housing Records Record 2022, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The fall 2023 leasing season is off to a hot start, 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