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Student housing vacancy rates have surged this year as universities across the country shut down in-person classes to navigate the pandemic. According to a third quarter report from Moody’s Analytics, vacancy increased to the highest levels since 2014. There was, however, a silver lining. Rents have increased by 1.3% to 1.8%.

Student housing vacancy has increased both by bed and by unit. By bed, the vacancy rate grew by 270 basis points from 5.2% to 7.9%, and vacancy by unit increased 120 basis points from 2.3% to 3.5%. These are the highest levels of vacancy since Moody’s began tracking the sector in 2014.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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