{"id":36310,"date":"2023-07-20T03:06:00","date_gmt":"2023-07-20T10:06:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=36310"},"modified":"2026-02-22T15:26:47","modified_gmt":"2026-02-22T23:26:47","slug":"new-rent-record","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/new-rent-record\/","title":{"rendered":"New Rent Record"},"content":{"rendered":"\n

The student housing sector continues to record strong rent growth and preleasing performance is up slightly over 2022, according to the latest National Student Housing Report<\/a> from Yardi Matrix.<\/p>\n\n\n\n

As of June, 86.6 percent of beds at Yardi 200 universities were preleased for the upcoming fall term, a 5.2 percent increase from the prior month. June also marked the fifth consecutive month of annual rent growth over seven percent at Yardi 200 universities, at 7.2 percent.<\/p>\n\n\n

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Given that 2022 held the previous rent record for student housing, obtaining more than seven percent growth off of previous record-high numbers is exceptional. The average rent per bed at Yardi 200 universities was $846 at quarter-end, a new all-time record.<\/p>\n\n\n\n

\u201cUnder the surface of solid overall fundamentals at the Yardi 200 level is mixed performance at individual schools, as some universities are doing exceptionally well while others fall short. Performance at the university level is mainly correlated to local supply-and-demand dynamics rather than higher-level trends,\u201d state Matrix analysts.<\/p>\n\n\n\n

The 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 \u201cYardi 200,\u201d it includes all Power 5 conferences as well as Carnegie R1 and R2 universities.<\/p>\n\n\n\n

However, the sector isn\u2019t totally unscathed by current economic conditions. Transaction volume through the second quarter was down about 73 percent from the same time last year, a stark reminder of weakening economic sentiment. But that hasn\u2019t slowed the off-campus dedicated student housing development pipeline, which expanded by approximately 28,000 bedrooms since January.<\/p>\n\n\n\n

Gain more insight in the latest Student Housing Report.<\/a><\/p>\n\n\n\n

Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"

The student housing sector continues to record strong rent growth and preleasing performance is up slightly over 2022, according to the latest National Student Housing Report from Yardi Matrix. As of June, 86.6 percent of beds at Yardi 200 universities were preleased for the upcoming fall term, a 5.2 percent increase from the prior month. […]<\/p>\n","protected":false},"author":413,"featured_media":36323,"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-36310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"The student housing sector continues to record strong rent growth and preleasing performance is up slightly over 2022, according to the latest National\" \/>\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\/new-rent-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Rent Record\" \/>\n<meta property=\"og:description\" content=\"The student housing sector continues to record strong rent growth and preleasing performance is up slightly over 2022, according to the latest National\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/new-rent-record\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T10:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2023\/07\/student2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"714\" \/>\n\t<meta property=\"og:image:height\" content=\"377\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/new-rent-record\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/new-rent-record\/\",\"name\":\"New Rent Record - 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