Our 2025 U.S. Student Housing Pipeline Report is now live, and we are excited to share our findings with you.

Key Takeaways:

• In 2025, off-campus student housing deliveries slowed, except in the Southwest, which saw increased completions due to strong demand and fewer building restrictions. High occupancy rates and limited supply nationwide continue to support future rent growth.
• New developments continue to be concentrated within 0.25 miles of campuses to meet high demand and achieve premium rents. Students favor these locations for walkability and access to campus.
• Robust enrollment numbers and an increased emphasis on community-based living have led to strong investment in purpose-built student housing development. On-campus deliveries have soared, with multiple large-scale properties being delivered to market in 2025, totaling 23,143 new beds.
• Rent increased across all regions due to high demand. The Midwest had the highest annual growth, yet average rent remained lower than other regions in the fall 2025 semester.