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Primary State Schools in Power 5 Conferences Drive Student Housing Demand

Rent growth in the sector has averaged 6.2%, making student housing one of the best performing commercial real estate sectors

Those roaring crowds of students you see on the stands at big football games, screaming and waving their college colors around? They could be signaling more than their support for their team. They could also be signaling the strength of the student housing market near their college.

“Large, primary state schools in Power 5 conferences benefited most from enrollment growth,” according to a new Yardi report on student housing in the USA. And rent growth is being driven by surging demand, especially at schools with high enrollment growth. Total enrollment was up 0.7% year-over-year in fall 2023, after dipping to -0.5% in 2022.

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Philippa Maister

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