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COVID-19 Led to Higher Vacancy Costs and Concessions in Student Housing

Campus adjacent and high-rise student properties see higher net rental income, NMHC annual survey showed.

By Paul Bergeron | October 05, 2021 at 06:50 AM

Student housing operators were adversely affected by the COVID-19 pandemic in 2020, according to a report issued Monday by the National Multifamily Housing Council (NMHC).

The 2021 NMHC Student Housing Income and Expense Survey includes detailed descriptive statistics for the 2020 calendar year income and expense statements of 953 private off-campus student housing properties, encompassing nearly 185,000 units and 529,000 beds across 47 states.

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