{"id":37446,"date":"2024-02-27T04:31:00","date_gmt":"2024-02-27T12:31:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=37446"},"modified":"2026-02-22T15:39:51","modified_gmt":"2026-02-22T23:39:51","slug":"preleasing-pops","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/preleasing-pops\/","title":{"rendered":"Preleasing Pops"},"content":{"rendered":"\n<p>Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s figure, according to the latest <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/4778-MatrixStudentHousingNationalReport-November2023\">Yardi Matrix National Student Housing Report<\/a>.<\/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\/02\/student-housing.jpg?w=1280\" alt=\"\" class=\"wp-image-37490\" style=\"width:350px\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg 1280w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?resize=768,528 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=800 800w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=1000 1000w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.jpg?w=1200 1200w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/div>\n\n\n<p>Preleasing for the 2024-2025 school year reached 54.5 percent in January, marking a 710-basis-point increase since January 2023. A total of 22 markets were at least 75 percent preleased, while four exceeded the 90 percent rate. A combination of enrollment growth and decreasing new supply is driving the sector\u2019s performance.<\/p>\n\n\n\n<p>Asking rates at Yardi 200 schools continued to climb to record highs, hitting $863 per bed in January. However, rent growth decelerated year-over-year, falling to 4.4 percent in January.<\/p>\n\n\n\n<p>\u201cRent growth patterns in student housing vary by market. Some operators push rates hard at the beginning of the leasing season to test the market and ease rent growth later on to fill the remaining beds. Slowing rent growth also reflects the fact that increases were high a year ago,\u201d say Matrix analysts.<\/p>\n\n\n\n<p>Yardi Matrix forecasts that 46,285 new beds will deliver in 2024, marking a significant increase from the 35,610 beds delivered in 2023. Investment activity decelerated in 2023, with only 76 student housing properties changing hands.<\/p>\n\n\n\n<p>Gain more insight in the new&nbsp;<a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/4778-MatrixStudentHousingNationalReport-November2023\">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>Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s figure, according to the latest Yardi Matrix National Student Housing Report. Preleasing for the 2024-2025 school year reached 54.5 percent in January, marking a 710-basis-point increase since January 2023. A total of [&hellip;]<\/p>\n","protected":false},"author":442,"featured_media":37490,"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":[2791,3372],"tags":[43],"class_list":["post-37446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-student-housing","tag-student-housing"],"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=\"Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s\" \/>\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\/preleasing-pops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preleasing Pops\" \/>\n<meta property=\"og:description\" content=\"Student housing\u2019s consistently rising preleasing rate exceeded 50 percent of tracked inventory by the end of January 2024, well ahead of last year\u2019s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/preleasing-pops\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T12:31:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:39:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2024\/02\/student-housing.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\/preleasing-pops\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/preleasing-pops\/\",\"name\":\"Preleasing Pops - 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