Student housing’s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year’s figure, according to the latest Yardi® Matrix National Student Housing Report.
Preleasing for the 2024-2025 school year reached 54.5 percent in January, marking a 710-basis-point increase since January 2023. A total of 22 markets were at least 75 percent preleased, while four exceeded 90 percent. A combination of enrollment growth and decreasing new supply is driving the sector’s performance.
Asking rates at Yardi 200 schools continued to climb to record highs, hitting $863 per bed in January. However, rent growth decelerated year-over-year, falling to 4.4 percent in January.
“Rent growth patterns in student housing vary by market,” said Matrix analysts. “Some
