Student Housing Sector Looks Strong Heading into Fall 2022
Despite a drop in college enrollment over the past two years, with a 3.1% decline between fall 2020 and fall 2021, Yardi Matrix says the student housing industry continues to perform well, with healthy rent growth and preleasing for the coming academic year.
“The student housing industry continued its stellar performance into the first quarter of 2022,” according to Yardi Matrix’s National Student Housing Report. “Pre- leasing and rent growth were incredibly strong, even compared to pre-pandemic performance.”
As of March, preleasing for next fall averaged 63.7% across Yardi 200 schools. That’s 13.5% higher than a year ago and 9.9% higher than pre-pandemic levels. The average rent per bedroom is $777 for fall 2022, up nearly 3% over 2021.
“Consolidation in the higher education system may be a positive force for the most competitive private and public flagship universities, where most institutional student housing is located,” say Matrix analysts.
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).