{"id":37321,"date":"2024-01-19T09:59:47","date_gmt":"2024-01-19T17:59:47","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=37321"},"modified":"2026-02-22T15:26:44","modified_gmt":"2026-02-22T23:26:44","slug":"student-housing-stands-out-2","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/student-housing-stands-out-2\/","title":{"rendered":"Student Housing Stands Out"},"content":{"rendered":"\n<p>The student housing market jumped into the 2024-2025 leasing season on a high note, with December preleasing well ahead of last year\u2019s figure, according to the latest <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/5051-MatrixStudentHousingNationalReport-January2024?signup=false\">Yardi Matrix National Student Housing Report<\/a>. Asking rates also continued to climb, hitting $858 per bed in December and marking a 4.9 percent increase on a year-over-year basis.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"880\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=1280\" alt=\"\" class=\"wp-image-37322\" style=\"width:400px\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg 1280w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?resize=768,528 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=800 800w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=1000 1000w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg?w=1200 1200w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/div>\n\n\n<p>The sector was off to a record start, as preleasing for the 2024-2025 school year reached 47.3 percent in December, a nine percent increase over December 2022. The exceptional preleasing indicates a high renewal rate, with 51 markets boasting a 50 percent rate in December and ten schools already at least 75 percent preleased.<\/p>\n\n\n\n<p>Rent growth slowed a bit, falling from 6.4 percent recorded earlier in the leasing cycle to 4.9 percent in December 2023.<\/p>\n\n\n\n<p>\u201cMany of the markets with the fastest preleasing are seeing the strongest rent growth as operators take advantage of the surge in demand. Twenty-seven schools with over 10 percent rent growth in December are, on average, five percent ahead of preleasing last year,\u201d the report states.<\/p>\n\n\n\n<p>Based on data gathered from more than 150 schools, Yard Matrix shows a rebound in enrollment in the current academic year. Enrollment at these schools is up 1.4 percent from last year\u2014almost triple the growth recorded in fall 2022.<\/p>\n\n\n\n<p>Student housing investment is in line with current trends across the real estate industry, as high interest rates continue to impact sales. Preliminary data shows that only 73 student housing properties changed hands in 2023 across Yardi 200, compared to an average of 205 properties sold in 2021 and 2022.<\/p>\n\n\n\n<p>Gain more insight in the new&nbsp;<a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/5051-MatrixStudentHousingNationalReport-January2024?signup=false\">Yardi Matrix National Student Housing Report.<\/a><\/p>\n\n\n\n<p>Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, vacant land, industrial, office, retail and self storage property types. Email&nbsp;<a href=\"mailto:matrix@yardi.com\" target=\"_blank\" rel=\"noreferrer noopener\">matrix@yardi.com<\/a>, call 480-663-1149 or visit&nbsp;<a href=\"http:\/\/yardimatrix.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">yardimatrix.com<\/a>&nbsp;to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The student housing market jumped into the 2024-2025 leasing season on a high note, with December preleasing well ahead of last year\u2019s figure, according to the latest Yardi Matrix National Student Housing Report. Asking rates also continued to climb, hitting $858 per bed in December and marking a 4.9 percent increase on a year-over-year basis. [&hellip;]<\/p>\n","protected":false},"author":442,"featured_media":37322,"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-37321","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 student housing market jumped into the 2024-2025 leasing season on a high note, with December preleasing well ahead of last year\u2019s figure, according\" \/>\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-stands-out-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Housing Stands Out\" \/>\n<meta property=\"og:description\" content=\"The student housing market jumped into the 2024-2025 leasing season on a high note, with December preleasing well ahead of last year\u2019s figure, according\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/student-housing-stands-out-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T17:59:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/01\/Matrix_SH_2024_National_Report_Hero_January_V2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"880\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yardi Blog Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yardi Blog Staff\" \/>\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\/student-housing-stands-out-2\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/student-housing-stands-out-2\/\",\"name\":\"Student Housing Stands Out - 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