August 14, 2024
Matrix Student Housing National Report-August 2024
Preleasing Pace, Rent Growth Decelerate in July
Surveyed preleasing for the Yardi 200 schools reached 89.2% in July 2024, falling slightly behind July 2023 after leading for most of the leasing season last year, while advertised rent growth slowed to 4.7% from close to 7% early in the leasing season. Preleasing is still noticeably ahead of its pre-pandemic trend and rent growth is well above conventional multifamily, thanks to favorable supply-demand fundamentals.
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