{"id":6859,"date":"2024-02-23T10:22:22","date_gmt":"2024-02-23T10:22:22","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6859"},"modified":"2024-02-23T10:22:24","modified_gmt":"2024-02-23T10:22:24","slug":"student-housing-keeps-setting-preleasing-records","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-keeps-setting-preleasing-records\/","title":{"rendered":"Student Housing Keeps Setting Preleasing Records, Reports Yardi Matrix"},"content":{"rendered":"

Preleasing reached 54.5 percent in January 2024, 7.1 percent ahead of last year<\/em><\/p>\n

SANTA BARBARA, Calif., Feb. 23, 2024<\/strong> \u2013 Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s figure, according to the latest Yardi\u00ae Matrix National Student Housing Report<\/a><\/strong>.<\/p>\n

Preleasing for the 2024-2025 school year reached 54.5 percent in January, marking a 710-basis-point increase since January 2023. A total of 22 markets were at least 75 percent preleased, while four exceeded the 90 percent rate. A combination of enrollment growth and decreasing new supply is driving the sector\u2019s performance.<\/p>\n

Asking rates at Yardi 200 schools continued to climb to record highs, hitting $863 per bed in January. However, rent growth decelerated year-over-year, falling to 4.4 percent in January.<\/p>\n

\u201cRent growth patterns in student housing vary by market. Some operators push rates hard at the beginning of the leasing season to test the market and ease rent growth later on to fill the remaining beds. Slowing rent growth also reflects the fact that increases were high a year ago,\u201d say Matrix analysts.<\/p>\n

Yardi Matrix forecasts that 46,285 new beds will deliver in 2024, marking a significant increase from the 35,610 beds delivered in 2023. Investment activity decelerated in 2023, with only 76 student housing properties changing hands.<\/p>\n

Gain more insight in the new\u00a0Yardi Matrix National Student Housing Report<\/strong><\/a>.<\/p>\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, vacant land, industrial, office, retail and self storage property types. Email\u00a0matrix@yardi.com<\/a>, call 480-663-1149 or visit\u00a0yardimatrix.com<\/a>\u00a0to 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 9,000 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\u00a0yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Preleasing reached 54.5 percent in January 2024, 7.1 percent ahead of last year SANTA BARBARA, Calif., Feb. 23, 2024 \u2013 Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s figure, according to the latest Yardi\u00ae Matrix National Student Housing Report. Preleasing […]<\/p>\n","protected":false},"author":753,"featured_media":6860,"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-6859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-student-housing-outlook"],"yoast_head":"\nStudent Housing Keeps Setting Preleasing Records, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Preleasing reached 54.5 percent in January 2024, 7.1 percent ahead of last year, according to Yardi Matrix data.\" \/>\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\/student-housing-keeps-setting-preleasing-records\/\" \/>\n<meta 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