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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.
- ◦Lease
