Investors will find the college towns resilient and therefore dependable performers, according to a report from RealPage, which cited that these markets tended to experience higher apartment occupancy than the US overall and more stability overall.
The report said college town markets, however, "offer less upside during boom periods, such as during late 2023 and 2022."
Nonetheless, as of Q4 2023, occupancy in college towns ran 150 basis points above the national norm on a weighted average basis – a delta that has more than doubled since the pandemic.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
