Matrix Student Housing National Report-September 2023 September 21, 2023

Student Housing Continues Historic Year

Student housing entered the fall 2023 semester with preleasing at 94% and rent growth of 6.9%. Preleasing started the year strong, tracking an average of 6% ahead of last year’s rapid pace until spring, though since falling back in line with last year’s trend. Rent growth has averaged 6.8% since October, vs. 3.6% growth the previous leasing season and 2.2% in prior years.