Preleasing at the Yardi 200 reached 80 percent in May, still slightly above last year's rate, according to the latest Yardi® Matrix National Student Housing Report.
As of May, the average published asking rent reached $897 per bed, which was 5.3 percent higher on a year-over-year basis. May's average rent per bed marks an all-time high for the student housing sector, but growth rates have recently been decelerating, according to Matrix analysis.
Last month, 41 markets recorded rent growth in double digits, but 34 saw rent declines year-over-year, showcasing disparate sector performance.
On the preleasing front, five schools tracked by Matrix have completed preleasing for the upcoming school year, while 34 others have crossed the 90 percent mark. These high-preleasing-rate schools have generally seen an upward trend in adverti
