Preleasing for student housing dropped back from 2022 levels in the final weeks of summer and start of fall, according to the latest National Student Housing Report from Yardi Matrix.
The preleasing slowdown also affected rent growth, which has dropped 0.9 percent from its March peak. Still, the sector is strongly positioned going into the fall 2023 semester, with high occupancy and record-high rents for the 2023–2024 school year.
The updated Yardi Matrix data set includes 892,511 beds in 30 markets as of this reporting period; this grouping incorporates more markets with institutionally owned dedicated student housing properties.
As of September 2023, 95.1 percent of beds at Yardi 200 universities were preleased, compared to 96.2 percent in September 2022. Analysts say lower preleasing in recent months can be partly attributed
