Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year's pace by 2.4 percent, while rent growth accelerated to 6 percent, according to the latest Yardi Matrix National Student Housing Report.
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 -1 percent or lower.
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.
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), Appalachi
