{"id":7808,"date":"2024-09-23T13:58:58","date_gmt":"2024-09-23T13:58:58","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=7808"},"modified":"2024-09-30T14:03:32","modified_gmt":"2024-09-30T14:03:32","slug":"asking-rents-for-student-housing-rise-year-over-year","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/asking-rents-for-student-housing-rise-year-over-year\/","title":{"rendered":"Despite Enrollment Dip, Asking Rents for Student Housing Rise Year over Year, Reports Yardi Matrix"},"content":{"rendered":"

Surveyed preleasing for the Yardi 200 schools reached 92.9 percent in August, ahead of 2023 levels<\/em><\/p>\n

(SANTA BARBARA, Calif., Sept. 23, 2024<\/strong>) \u2013 Surveyed preleasing at Yardi 200 schools reached 92.9 percent in August, up 20 basis points year-over-year, while rent growth moderated to four percent, according to the latest Yardi\u00ae Matrix National Student Housing Report<\/strong><\/a>.<\/p>\n

August surveyed preleasing jumped ahead last year\u2019s levels. At that point, 78 markets reached at least September 2023 final occupancy levels, while 29 universities were 10 percent or more behind.<\/p>\n

Highly publicized federal student aid processing issues impacted 2024 enrollment growth, particularly at many state schools. Yardi Matrix expects that in 2024 some 41,432 beds will be delivered nationally, which would mark a five percent decrease compared to 2023.<\/p>\n

Across Yardi 200, 35 schools were at least 99 percent preleased as of August. The list grew by 14 entries since July. Another 35 markets were less than 85 percent preleased.<\/p>\n

In August, the average advertised asking rent per bedroom was $892, marking a $5 decrease from July. Annual rent growth decelerated to four percent, falling from the seven percent high recorded at the beginning of the 2024 leasing season.<\/p>\n

\u201cAll of the top 10 markets for rent growth had flat or increasing enrollment last year, averaging 3.3 percent growth versus 0.4 percent for the entire Yardi 200. On the other hand, the bottom 10 markets for rent growth posted an average enrollment decline of 0.9 percent,\u201d state Matrix analysts.<\/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, affordable housing, 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 9,500 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\u00a0yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Surveyed preleasing for the Yardi 200 schools reached 92.9 percent in August, ahead of 2023 levels (SANTA BARBARA, Calif., Sept. 23, 2024) \u2013 Surveyed preleasing at Yardi 200 schools reached 92.9 percent in August, up 20 basis points year-over-year, while rent growth moderated to four percent, according to the latest Yardi\u00ae Matrix National Student Housing […]<\/p>\n","protected":false},"author":753,"featured_media":7809,"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-7808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-student-housing-outlook"],"yoast_head":"\nDespite Enrollment Dip, Asking Rents for Student Housing Rise Year over Year, Reports Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" 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