28% of fall 2024 student housing beds were pre-leased through November. This is a record high, and it was also the largest October to November increase (17%) in history.
Removing the last two years of record demand, beds are usually about 20% pre-leased by the end of November. A handful of schools (Tennessee, Purdue, Clemson, Arkansas and Wisconsin) have already pre-leased about 2/3 of their privately owned student housing beds.
Asking rents for student housing grew 7% year-over-year through November while many multifamily markets across the country have experienced declines.
Multifamily Market News 