Pre-leasing hit a record 91% in July, marking another month of solid leasing performance ahead of the Fall 2026 academic year. In the past decade, pre-leasing has averaged 87.8% in July and came close to the 91% mark in Fall 2025 and Fall 2022.
The core 175 universities saw even more progress, with 91.4% pre-leased as of July.
Properties located closest to campus continued to hold a modest advantage in July, though all distance categories are showing strength. Communities located within a half mile of campus reached 91.3% pre-leased in July, while properties between a half mile and one mile from campus were 90.6% pre-leased. Communities located more than one mile from campus recorded 90.5% pre-leased in July. The narrow spread among the three distance segments indicates that demand remains broad-based, with students continuing to absorb available inventory regardless of proximity to campus.
Source: RealPage
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