Student housing surveyed preleasing reaches 85.2% in June, reports Yardi Matrix

Surveyed preleasing at colleges and universities tracked by Yardi reached 85.2 percent in June, on par with last year’s pace and outpacing historic trends.

The average advertised asking rent per bed stood at $898 last month, while year-over-year rent growth slowed to 5 percent, according to the latest Yardi® Matrix National Student Housing Report. Averaging 6.1 percent asking rent growth for the season since October 2023, the fall 2024 school year is shaping up to be one of the best for the student housing sector.

During the summer months, the pace of preleasing has slowed. Additionally, issues with FAFSA filing and processing pose a concern for near-term enrollment growth. Neverthele