{"id":6196,"date":"2023-08-18T12:01:54","date_gmt":"2023-08-18T12:01:54","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6196"},"modified":"2023-09-12T15:30:28","modified_gmt":"2023-09-12T15:30:28","slug":"student-housing-preleasing-nears-record-high","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-preleasing-nears-record-high\/","title":{"rendered":"Student Housing Preleasing Nears Record High, Yardi Matrix Reports"},"content":{"rendered":"

Insights on sector performance now being delivered monthly for investors and owners<\/em><\/p>\n

\u00a0<\/strong>SANTA BARBARA, Calif., Aug. 18, 2023<\/strong> \u2013 The student housing sector continues to outperform as the Fall 2023 school year approaches, according to the August National Student Housing Report<\/a> from Yardi\u00ae Matrix. Reports on national student housing performance, with insight on preleasing and rental rates, are now being delivered on a monthly basis.<\/p>\n

As of July, 90.1 percent of beds at Yardi 200 universities were preleased for the upcoming fall term, a 4.6 percent increase from the prior month and about even with last year.<\/p>\n

Preleasing was near a record high for July, and year-over-year rent growth throughout the leasing season has been ahead of last year. The sector is equipped to handle economic challenges, with solid occupancy and rent growth for the 2023-2024 school year and counter-cyclical demand.<\/p>\n

\u201cPreleasing has slowed recently from rapid growth at the beginning of the leasing season. Month-over-month rent growth has also decelerated,\u201d states the report. Despite the drop, fall occupancy is projected to match last year at around 96 percent, while rent growth remains impressive at 7.1 percent year-over-year.<\/p>\n

Strong fundamentals continue to fuel development, and Yardi Matrix projects approximately 40,000 new beds will be delivered in Fall 2023 at Yardi 200 universities, compared to 27,000 delivered last fall. Solid preleasing and rent growth suggests that much of the supply has already been absorbed.<\/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

Gain more insight in the latest Student Housing Report<\/a>. Future reports will include a rotating special topic such as enrollment trends, transaction volume or development activity.<\/p>\n

Yardi Matrix covers multifamily, student housing, industrial, office, retail, vacant land 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 8,500 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","protected":false},"excerpt":{"rendered":"

Insights on sector performance now being delivered monthly for investors and owners \u00a0SANTA BARBARA, Calif., Aug. 18, 2023 \u2013 The student housing sector continues to outperform as the Fall 2023 school year approaches, according to the August National Student Housing Report from Yardi\u00ae Matrix. Reports on national student housing performance, with insight on preleasing and […]<\/p>\n","protected":false},"author":753,"featured_media":6197,"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-6196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-student-housing-outlook"],"yoast_head":"\nStudent Housing Preleasing Nears Record High, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Insights on sector performance now being delivered monthly for investors and owners, according to the latest Yardi Matrix industry report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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