Student housing pre-lease rate reaches all-time high in January

As of January, 49 percent of beds at 175 core universities tracked by RealPage have been claimed for fall 2024, marking the highest pre-lease reading ever recorded in January, according to data from RealPage Market Analytics. January 2023’s pre-lease reading of 48.2 percent marked an all-time high by a wide margin, and 2024’s rate surpassed that by about 80 basis points (bps).

Across product distances, beds closest to campus reached the highest pre-lease occupancy. As of January, 49.5 percent of beds within a half-mile of campus were pre-leased, compared to still-strong readings of 48.7 percent of beds pre-leased within a half-mile to one mile of campus and 47.4 percent of beds pre-leased more than a mile from campus.

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