Research - JULY 26, 2022

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Student housing continues outstanding performance

by Andrea Zander

The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi® Matrix.

An 87.2 percent preleasing rate and rent growth of 5 percent in June were the highest Matrix researchers have seen thus far for Yardi 200 universities, and transaction activity remains elevated despite rising interest rates. The preleasing rate is 10.1 percent higher than last year and 7.7 percent higher than pre-pandemic 2019.

“With a few months to go in the leasing season, we expect Yardi 200 universities to start the fall term with record-breaking occupancy,” said Matrix analysts. The Yardi Matrix student housing data set includes more than 2,000 universities and colleges nationwide, including the top 200 investment-grade universities across all major collegiate conferences. Known as the “Yardi 200,” these include all Power 5 conferences as well as Carnegie R1 and R2 universities.

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