Matrix Student Housing National Report-June 2024 June 12, 2024

Student Housing Preleasing Hits 80% in May

Student housing preleasing continued to match last year’s record pace, driven by strong enrollment trends and limited new supply. Rent growth remained strong, at 5.3% in May and averaging 6% during the leasing season, significantly outpacing general multifamily. However, there is some concern that delays in FAFSA processing could affect preleasing in the summer months and enrollment in the longer term.