January data continues to show record high preleasing for the 2024 school year:
Snapshot at the top 32 Power 5 schools with enrollment over 25,000 and the most dedicated off-campus student housing beds:
Yardi Matrix anticipates delivery of more than 46,000 new student housing beds in 2024, an increase from the 35,610 beds delivered last year, but expects supply will fall over the next five years to below the long-term average of 36,322 beds per year dating back to 2010.
Student housing investment activity was down last year, with only 76 student housing properties changing hands, compared to an average of 205 in 2021 and 2022. This resulted in a lower price per bed of $75,410 last year, compared with more than $80,000 per bed during the previous five years.
Source: Yield PRO & Yardi Matrix
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