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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).