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Student Housing Fundamentals Remain Strong Heading into Fall Preleasing
Student housing fundamentals nationally remain strong as preleasing for fall 2022 ramps up, Yardi Matrix says in its latest report. Notwithstanding concerns about its performance during the COVID-19 pandemic, student housing has shown significant resiliency over the last two years.
“Preleasing and rent growth for the fall 2021 term ended on a positive note, and fundamentals continue to look healthy as preleasing for the Fall 2022 term is underway,” states the new report.
Yardi 200 universities ended the fall 2021 preleasing period in September at 94.3%, up 5.2% year-over-year. Preleasing for fall 2022 term is already underway, at 26.7% as of November, up from 15.4% in the year-ago period.
The average rent per bedroom for Yardi 200 universities was $791 as of December, up 2.2% Y-O-Y and 0.3% over the previous month. Matrix analysts expect preleasing and rent growth to increase modestly as the spring approaches.
- ◦Lease
