{"id":34436,"date":"2022-10-24T09:06:23","date_gmt":"2022-10-24T16:06:23","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=34436"},"modified":"2026-02-22T15:26:51","modified_gmt":"2026-02-22T23:26:51","slug":"student-housing-earns-high-marks","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/student-housing-earns-high-marks\/","title":{"rendered":"Student Housing Earns High Marks"},"content":{"rendered":"\n<p>The Yardi Matrix team continues to be bullish on the student housing sector following another stellar quarter of performance in Q3 2022.<\/p>\n\n\n\n<p>Jeff Adler, vice president of Yardi Matrix, delivered a glowing report card for student housing during a webinar last week. You can <a href=\"https:\/\/www.yardimatrix.com\/News-Events\/Webinars\/Watch\/File\/2935-StudentHousingNationalOutlook-Fall2022?Title=Student%20Housing%20National%20Outlook%20-%20Fall%202022\">listen to the full recording here.<\/a><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=1200\" alt=\"\" class=\"wp-image-34438\" width=\"300\" height=\"158\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg 1200w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?resize=768,403 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=800 800w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/10\/Matrix_NationalReport_SH_1200x628_Q4_Blog_Image.jpg?w=1000 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n<p>\u201cThe sector is a great place to be over the next several years,\u201d Adler said. \u201cIf you look across the entire landscape of asset types, student housing is extremely well positioned with exceptional offensive characteristics, as well as this gap between multifamily and student housing rents.\u201d<\/p>\n\n\n\n<p>The gap means that there is a meaningful opportunity for additional student housing rent growth, particularly in urban markets, Adler explained. Multifamily rents jumped during the pandemic recovery, while student housing rent increases have not been as steep.<\/p>\n\n\n\n<p>According to the latest <a href=\"http:\/\/www.yardimatrix.com\/publications\/download\/file\/2931-MatrixStudentHousingReport-Q42022?signup=false\">National Student Housing report<\/a>: \u201cThe impact of multifamily rent trends on student housing will be stronger in university areas with a prominent shadow market, given the availability of options within a close radius.\u201d<\/p>\n\n\n\n<p>Key highlights from Q3 performance include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Record-preleasing in advance of the 2022\/23 school year, at 96.6 percent which was 2.3 percent higher than last year<\/li><li>Per-bedroom rents are 4.1 percent higher than a year ago, averaging $789 as of Sept. 2022<\/li><li>Top tier universities received a surge in applicant interest and enrollment; however, less selective schools are struggling and there is an overall decrease in total students enrolled<\/li><li>Deliveries of new student housing properties surged in 2022<\/li><\/ul>\n\n\n\n<p>These data points and many more are found in the new quarterly <a href=\"http:\/\/www.yardimatrix.com\/publications\/download\/file\/2931-MatrixStudentHousingReport-Q42022?signup=false\">National Student Housing Report<\/a>.<\/p>\n\n\n\n<p>The pace of preleasing was faster for selective universities with higher enrollment. But positive performance was widespread among university types across the country. Twelve universities had double-digit growth in pre-leasing levels in September compared to 2021, with Washington State University (18.9 percent growth) and the University of Houston (16.4 percent) topping the list.<\/p>\n\n\n\n<p>At some popular schools with growing enrollments, available student housing supply hasn\u2019t been sufficient to house the incoming class. A problem that used to be unique to California schools has now become more widespread.<\/p>\n\n\n\n<p>Elevated investment activity continues despite rising interest rates, and the new-supply pipeline is robust. Nearly 45,000 new student housing bedrooms were delivered in 2022, accounting for 5.3 percent of Yardi Matrix-tracked housing stock.<\/p>\n\n\n\n<p>Matrix tracks 1.17 million off-campus student housing bedrooms at 2,065 properties across the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Yardi Matrix team continues to be bullish on the student housing sector following another stellar quarter of performance in Q3 2022. Jeff Adler, vice president of Yardi Matrix, delivered a glowing report card for student housing during a webinar last week. You can listen to the full recording here. \u201cThe sector is a great [&hellip;]<\/p>\n","protected":false},"author":413,"featured_media":34438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791],"tags":[1169],"class_list":["post-34436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"The Yardi Matrix team continues to be bullish on the student housing sector following another stellar quarter of performance in Q3 2022. Jeff Adler, vice\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/student-housing-earns-high-marks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Housing Earns High Marks\" \/>\n<meta property=\"og:description\" content=\"The Yardi Matrix team continues to be bullish on the student housing sector following another stellar quarter of performance in Q3 2022. 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