With just over six weeks remaining in the leasing cycle, the student housing market continues to demonstrate strong fundamentals. Despite a national slowdown in leasing velocity, with pre-leasing trailing by approximately 4%, the industry remains resilient. Last year's pre-leasing velocity for the 23/24 Academic Year (AY) was record-setting, with rate growth reaching double digits in most markets.
When compared to the lease-up for AY 22/23 - which ultimately resulted in a 93.2% national occupancy post move-in, pre-leasing is still ahead of pace.
Looking ahead, with limited new supply expected over the next few years and increasing enrollments at many larger Tier 1 institutions, student housing continues to show strong fundamentals amidst a tempered lease up for the AY 24/25.
Learn more about the state of the industry in our June Month-End Report. The following report includes:
Download June Month End 2024- College House Report
For those seeking an even deeper dive into the data, we invite you to explore our Enhanced Report or Database Explorer Solutions. To learn more, visit College House or please reach out to us at info@collegehouse.com.
Disclaimer: These images and information attempt to accurately represent floor plans, buildings and amenities. However, the developer, agent, owner and manager reserve the right to make changes to final plans and are not responsible for typographical errors or any differences between photos and actual property. Residents, purchasers and sellers are encouraged to tour the actual property of interest to prevent any miscommunication. Please also note that regional differences will be made to accommodate indigenous plantings, the climate, and the architectural influences of the region.
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