Berkadia is proud to present our 2023 U.S. Student Housing Pipeline Report for the 2023/2024 academic year.

Our comprehensive report reveals the continued prosperity of the student housing sector, supported by impressive fundamentals. Fall 2023 enrollment at the top 175 universities has witnessed a notable increase of approximately 0.6%, signifying sustained demand for student housing.

Moreover, the August 2023 occupancy rate among student housing communities near these universities stands 150 basis points higher than the average fall occupancy rate in the five years preceding the pandemic, demonstrating the resilience and attractiveness of student housing as an investment option.

Additionally, effective rent growth among the top 175 universities has been remarkable, with a substantial increase of 7.9% from August 2022 to August 2023, more than three times higher than the rate of rent growth for market-rate apartments nationwide during the same period. These statistics highlight the potential for significant returns in the student housing market, making it an appealing choice for investors.