10 Best and Worst Performing Student Housing Markets

A subset of multifamily — student housing, which has generally seen more strength than other property types — has some winners and losers when it comes to year-over-year weighted average net cash flow changes, according to a recent Trepp report.

“As of June 2023, the fall 2023 school year had 85.7% of beds already leased across core universities, compared to the record-high 86.2% leasing rate seen in June 2022 for the corresponding school year and the average rate of 75% in the years prior to the pandemic,” wrote Trepp research analysis Emily Yue.