Berkadia is proud to present our 2024 U.S. Student Housing Preleasing Report for the 2024-2025 academic year.

This year’s report, as every year, highlights significant historical trends (up to the present academic year) encompassing prelease data by month, region and distance from campus, as well as the top 10 universities based on enrollment, including current prelease percentage rates, average effective rent per bed, and year-over-year changes.

Key Takeaways

• Preleasing slowed only slightly from last year’s velocity, stronger than pre-pandemic rates continuing to prove the solidity of the student specialty market.
• Properties within 0.5 – 1.5 miles from campus saw the highest rent growth and preleasing rate.
• The Midwest kept the most consistent preleasing rate from 2023.
• Preleasing in the Southeast was the strongest and saw the highest rent increase.