Student Housing

The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi Matrix. An 87.2 percent preleasing rate and rent growth of five percent in June were the highest Matrix researchers have seen thus far for Yardi 200 universities, and transaction activity […]

Written by Leah Etling

07 / 27 / 22

2 min read

The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi Matrix.

An 87.2 percent preleasing rate and rent growth of five percent in June were the highest Matrix researchers have seen thus far for Yardi 200 universities, and transaction activity remains elevated despite rising interest rates. The preleasing rate is 10.1 percent higher than last year and 7.7 percent higher than pre-pandemic 2019.

“With a few months to go in the leasing season, we expect Yardi 200 universities to start the fall term with record-breaking occupancy,” state Matrix analysts. The Yardi Matrix student housing data set includes over 2,000 universities and colleges nationwide, including the top 200 investment grade universities across all major collegiate conferences. Known as the “Yardi 200,” it includes all Power 5 conferences as well as Carnegie R1 and R2 universities.

“Confidence in the sector abounds as the fall semester approaches, and previous concerns of headwinds have largely been put to rest,” state Matrix analysts in the new report.

While some sectors of academia are experiencing postsecondary enrollment declines, the losses have primarily been at community colleges and smaller schools rather than competitive private and public flagship universities. Fears about online learning diverting students from campus have also proven to be unwarranted, as students have a strong preference toward attending college in person.

Learn more about the expectations for student housing by downloading the new report. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more

AUTHOR

Leah Etling is the founding editor of the Balance Sheet and a 12-year Yardi employee who also oversees press releases and social media. An award winning journalist, she holds a master's degree from UC Berkeley and is a native of Santa Barbara County, Yardi's home.

Recent articles

How LCB Senior Living acts on real-time portfolio data

LCB Senior Living replaced manual QA reporting across 40+ communities with real-time dashboards in Yardi Senior IQ, changing how they do business.

08 / 28 / 26

Senior living

Senior IQ

How to meet Colorado building performance standards

See our solutions that can help owners and operators benchmark performance to building performance standards. These resources are especially pertinent in Colorado as a compliance survey deadline looms.

08 / 26 / 26

Energy Suite

Commercial

Virtuoso Enterprise for Commercial: One platform, one general ledger & AI everywhere you work

Virtuoso Enterprise puts AI inside the work for lease abstraction, invoice coding and month-end close, all running on one complete, accurate general ledger.