{"id":6532,"date":"2023-10-26T11:53:27","date_gmt":"2023-10-26T11:53:27","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6532"},"modified":"2024-03-12T15:36:22","modified_gmt":"2024-03-12T15:36:22","slug":"national-student-housing-market-report-october-2023","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/","title":{"rendered":"National Student Housing Market Report \u2013 October 2023"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/student-housing-market-report\/\">Student Housing Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Report highlights<\/h2>\n<ul>\n<li>The sector closed the fall 2023 leasing season with a 95.1% preleasing rate, falling behind last year\u2019s figure<\/li>\n<li><a href=\"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-q1-2023\/\"><strong>Rent growth slowed in the months following March<\/strong><\/a>, when it peaked at 7%<\/li>\n<li>The average September rent was near its all-time high at $846 per bedroom<\/li>\n<\/ul>\n<p><iframe id=\"datawrapper-chart-1xQnP\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Student Housing Preleasing and Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/1xQnP\/2\/\" height=\"573\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Following an exceptionally strong start of the fall 2023 leasing season, preleasing slowed in the last months before the start of the new academic year. In September, 95.1% of beds were preleased at Yardi 200, 1.1% behind last year\u2019s figure at that point. New deliveries had an average preleasing rate of only 84.4%, which contributed to the general slowdown.<\/p>\n<p>Yardi Matrix gathered enrollment data from 77 universities. Based on these findings, enrollment for the fall 2023 school year was up 0.6% since September 2022. At the same universities, there was an average of 1.2% decline in enrollment on a year-over-year basis last year.<\/p>\n<p>In September, a total of 31 universities were 100 % preleased for the new academic year, while 25 markets hit the 99% preleased mark. The list includes large institutions such as Purdue, the University of Wisconsin \u2013 Madison and the University of Central Florida. On the other side of the spectrum, 17 Yardi 200 universities were less than 85% preleased, averaging a 74.7% rate in September.<\/p>\n<p>Eight universities registered at least a 10% jump in preleasing, but were 79.9% preleased for the fall 2023 season, compared to a 94.3% preleasing rate at the same point last year. A total of fifteen markets were at least 10% short of last year\u2019s lease-up pace, having an average preleasing rate of 76.4% in September.<\/p>\n<h2>Student housing rents were still high in September<\/h2>\n<p>Rent growth remains one of the sector\u2019s strongest fundamentals, still hovering close to record highs in September at 6.3%. Renth growth increased through the fall 2023 season until March, when it peaked at 7%. Year-over-year rent growth averaged at 6.3% throughout the leasing season.<\/p>\n<p>A total of 33 universities at Yardi 200 recorded double-digit rent growth in September\u2014with an average preleasing rate of 97.2%. On the other end of the spectrum, 34 schools registered declines in rents\u201419 of these were behind last year on preleasing. Among the universities that struggled to raise their rents were urban campuses with significant amount of new supply.<\/p>\n<p>Read the full\u00a0<strong><a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/4630-MatrixStudentHousingNationalReport-October2023\">Matrix Student Housing Report-October 2023<\/a><\/strong>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Report highlights The sector closed the fall 2023 leasing season with a 95.1% preleasing rate, falling behind last year\u2019s figure Rent growth slowed in the months following March, when it peaked at 7% The average September rent was near its all-time high at $846 per bedroom Following an exceptionally strong start of the fall 2023 [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":6533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,22],"tags":[422],"class_list":["post-6532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends","category-student-housing-market","tag-student-housing-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National Student Housing Market Report \u2013 October 2023 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Student housing preleasing for the Yardi 200 reached 95.1% in September 2023, below last year but above previous years, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Student Housing Market Report \u2013 October 2023\" \/>\n<meta property=\"og:description\" content=\"Student housing preleasing for the Yardi 200 reached 95.1% in September 2023, below last year but above previous years, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T11:53:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-12T15:36:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Beata Lorincz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"National Student Housing Market Report \u2013 October 2023 - Yardi Matrix Blog","description":"Student housing preleasing for the Yardi 200 reached 95.1% in September 2023, below last year but above previous years, Yardi Matrix reports.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/","og_locale":"en_US","og_type":"article","og_title":"National Student Housing Market Report \u2013 October 2023","og_description":"Student housing preleasing for the Yardi 200 reached 95.1% in September 2023, below last year but above previous years, Yardi Matrix reports.","og_url":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2023-10-26T11:53:27+00:00","article_modified_time":"2024-03-12T15:36:22+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Beata Lorincz","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"National Student Housing Market Report \u2013 October 2023","datePublished":"2023-10-26T11:53:27+00:00","dateModified":"2024-03-12T15:36:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/"},"wordCount":361,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","keywords":["Student Housing Outlook"],"articleSection":["Real Estate Trends","Student Housing Market"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/","url":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/","name":"National Student Housing Market Report \u2013 October 2023 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","datePublished":"2023-10-26T11:53:27+00:00","dateModified":"2024-03-12T15:36:22+00:00","description":"Student housing preleasing for the Yardi 200 reached 95.1% in September 2023, below last year but above previous years, Yardi Matrix reports.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","width":1200,"height":628,"caption":"Image by Dejan_Dundjerski\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/national-student-housing-market-report-october-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"National Student Housing Market Report \u2013 October 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2023\/10\/student-housing-iStock-1604646908.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=6532"}],"version-history":[{"count":5,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6532\/revisions"}],"predecessor-version":[{"id":7090,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6532\/revisions\/7090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/6533"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=6532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=6532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=6532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}