{"id":7305,"date":"2024-04-25T11:12:18","date_gmt":"2024-04-25T11:12:18","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=7305"},"modified":"2024-04-26T11:18:37","modified_gmt":"2024-04-26T11:18:37","slug":"student-housing-asking-rents-reach-new-high","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/","title":{"rendered":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix"},"content":{"rendered":"

Preleasing continues to outpace all previous years and rent growth remained strong in March<\/em><\/p>\n

(SANTA BARBARA, Calif., April 25, 2024<\/strong>) \u2013 Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year\u2019s pace by 2.4 percent, while rent growth accelerated to six percent, according to the latest Yardi\u00ae Matrix National Student Housing Report<\/a><\/strong>.<\/p>\n

As of March, the average rent reached $895 per bedroom, marking an all-time high for the sector. A total of 41 universities had double-digit rent growth, while 21 markets had negative rent movement of negative one percent or less.<\/p>\n

The top 22 schools for rent growth had average preleasing rates at 74 percent and above-national-average enrollment growth rates at 2.6 percent.<\/p>\n

With data gathered from more than 1,500 properties at 187 schools, Yardi Matrix found that 46 universities had preleasing rates over 75 percent. A total of eight schools were more than 90 percent preleased, including Ole Miss (99.4 percent), Purdue (91.7 percent), Appalachian State (91.6 percent) and Kentucky (90.4 percent).<\/p>\n

\u201cRent growth had been high but trending down early in the leasing season. It picked up again in March as students returned from spring break. Rent growth in student housing is being driven by surging demand, particularly at the schools with the strongest recent enrollment growth, a clear indication of the countercyclical nature of the product type,\u201d state Matrix analysts.<\/p>\n

The strong preleasing is backed by enrollment growth. Preliminary data points to an average jump of 0.7 percent in enrollment year-over-year for the fall 2023 school year. Large, primary state schools in Power 5 conferences benefitted most from enrollment growth.<\/p>\n

Gain more insight in the new\u202fYardi 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

Celebrating its 40-year anniversary in 2024, 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 continues to outpace all previous years and rent growth remained strong in March (SANTA BARBARA, Calif., April 25, 2024) \u2013 Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year\u2019s pace by 2.4 percent, while rent growth accelerated to six percent, according to the latest Yardi\u00ae Matrix National Student Housing Report. […]<\/p>\n","protected":false},"author":753,"featured_media":7306,"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-7305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-student-housing-outlook"],"yoast_head":"\nStudent Housing Asking Rents Reach New High, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Preleasing continues to outpace all previous years and rent growth remained strong in March, 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-asking-rents-reach-new-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Housing Asking Rents Reach New High, Reports Yardi Matrix\" \/>\n<meta property=\"og:description\" content=\"Preleasing continues to outpace all previous years and rent growth remained strong in March, according to Yardi Matrix data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T11:12:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T11:18:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"990\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\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=\"Jeff Adler\" \/>\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":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix - Yardi Matrix Blog","description":"Preleasing continues to outpace all previous years and rent growth remained strong in March, according to Yardi Matrix data.","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\/student-housing-asking-rents-reach-new-high\/","og_locale":"en_US","og_type":"article","og_title":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix","og_description":"Preleasing continues to outpace all previous years and rent growth remained strong in March, according to Yardi Matrix data.","og_url":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2024-04-25T11:12:18+00:00","article_modified_time":"2024-04-26T11:18:37+00:00","og_image":[{"width":990,"height":520,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeff Adler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix","datePublished":"2024-04-25T11:12:18+00:00","dateModified":"2024-04-26T11:18:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/"},"wordCount":378,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","keywords":["Student Housing Outlook"],"articleSection":["News","Press Releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/","url":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/","name":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","datePublished":"2024-04-25T11:12:18+00:00","dateModified":"2024-04-26T11:18:37+00:00","description":"Preleasing continues to outpace all previous years and rent growth remained strong in March, according to Yardi Matrix data.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","width":990,"height":520,"caption":"Student Housing Asking Rents Reach New High"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/student-housing-asking-rents-reach-new-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Student Housing Asking Rents Reach New High, Reports Yardi Matrix"}]},{"@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\/2024\/04\/Matrix_Blog_Graphic_Social_NationalReport_SH_April_2024-e1714130227562.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7305","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=7305"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7305\/revisions"}],"predecessor-version":[{"id":7307,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7305\/revisions\/7307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/7306"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=7305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=7305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=7305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}