Student Housing Earns High Grades with Record Performance in 2022: Yardi Matrix
Originally published on October 24, 2022, by the Yardi Matrix.
The student housing industry continued to ride healthy demand and strong fundamentals to another record-breaking performance in Q3 and 2022 overall, according to the new quarterly National Student Housing Report from Yardi® Matrix.
The fall 2022 preleasing period ended in September with 96.6 percent of bedrooms at Yardi 200 universities leased. Annual rent growth was 4.1 percent as of September.
The pace of preleasing was faster for selective universities with higher enrollment. But the 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.