The January 2024 Report Reveals Promising Trends in Student Housing

January 2024 Report: Key Insights on the Evolving Student Housing Market

College House’s January 2024 National Student Housing Report offers a detailed look at the current state of the student housing market. The report reveals a significant 9.5% year-over-year increase, bringing the national average rate per bed to $949 for off-campus student housing across the United States. This surge in rates highlights the ongoing demand and shifting dynamics in the sector, making this report an essential resource for industry stakeholders looking to understand and adapt to these changes.

Key Insights from the January 2024 Report

This month-end report provides a comprehensive analysis of student housing trends, including valuable data on leasing and rate growth, as well as a focus on regional markets. The key insights covered in the January 2024 Report include:

1. National & Regional Year-Over-Year Leasing Snapshot
   The report highlights national and regional leasing trends, showcasing how demand for student housing is performing across different geographic areas. This snapshot provides a clear view of the areas experiencing growth and where market conditions may require additional attention.
2. National & Regional Rate Growth Snapshot
   The January 2024 report delves into the rate growth across various regions, highlighting areas with notable increases. This section allows industry professionals to understand where rent levels are rising most significantly and what factors may be contributing to these shifts.
3. Three-Year Month-over-Month Trend Graph: Rates
   A detailed trend analysis over the past three years offers a visual representation of how rates have evolved month-over-month. This graph is crucial for understanding long-term market behavior and for forecasting future trends in student housing pricing.
4. Floor Plan Level Rate and Pre-Lease Trends Year-Over-Year
   A more granular analysis is provided through floor plan level data and pre-lease trends. This section offers insights into specific preferences within the market, as well as trends in pre-leasing activity, which can be particularly valuable for property managers and investors looking to optimize their portfolios.
5. Market Spotlight: Raleigh, NC
   This month’s market spotlight focuses on Raleigh, North Carolina, a city that has seen considerable development in the student housing sector. The report examines local leasing patterns and rate changes in Raleigh, providing a detailed look at what is driving growth in this market and how it compares to national trends.

Conclusion

The January 2024 Report provides a comprehensive and data-driven analysis of the current state of the student housing market. With a focus on national and regional leasing and rate trends, this report delivers valuable insights that can guide property managers, developers, and investors in making informed decisions. The surge in the national average rate per bed, coupled with the detailed regional analyses and market spotlight, underscores the dynamic nature of the student housing industry.

For a deeper understanding of the forces shaping the market, access the full January 2024 report and stay ahead of the latest trends in student housing.