May 2024 Student Housing Report: Important Market Trends

Key Insights from the May 2024 Month-End Report

The May 2024 Month-End Report offers invaluable insights for real estate stakeholders, providing a detailed analysis of leasing trends, rate growth, and floor plan performance. Here’s a breakdown of each key section:

1. National & Regional YoY Leasing Snapshot

This section highlights year-over-year (YoY) leasing trends at both national and regional levels.

• What it covers: A comparison of leasing activity between May 2023 and May 2024.
• Why it matters: This snapshot helps stakeholders identify market trends, such as regions with increased leasing activity signaling economic growth or regions showing a decline, which may require strategic adjustments.

By understanding these trends, property managers and investors can prioritize regions with strong leasing activity and develop targeted strategies to boost performance in slower areas.

2. National & Regional Rate Growth Snapshot

Tracking rental rate growth is essential for assessing market health and competitiveness.

• What it covers: Rental rate growth trends across national and regional markets.
• Why it matters: Positive rate growth often indicates robust demand, while stagnation or decline may suggest oversupply or market challenges.

This data empowers property owners to optimize pricing strategies and pinpoint high-demand regions for future investments.

3. 3-Year MoM Trend Graph: Rates

Understanding month-over-month (MoM) rental rate trends over a three-year period provides crucial context for long-term planning.

• What it covers: Historical rate trends to identify cyclical patterns and emerging opportunities.
• Why it matters: These insights allow stakeholders to anticipate market shifts, such as peak rental periods or slower months, enabling better strategic decisions.

4. 3-Year MoM Trend Graph: Pre-Lease

Pre-leasing trends are an important indicator of future occupancy levels.

• What it covers: A three-year overview of pre-leasing activity across markets.
• Why it matters: Tracking pre-leasing trends helps stakeholders predict revenue potential and assess market confidence.

This data is vital for planning marketing campaigns and gauging tenant interest in upcoming rental cycles.

5. Floor Plan Level Rate and Pre-Lease Trends YoY

This section takes a deep dive into performance metrics at the floor plan level.

• What it covers: Year-over-year rate and pre-leasing trends for specific unit types (e.g., studios, one-bedroom apartments).
• Why it matters: By identifying which floor plans perform well, property managers can tailor marketing efforts, adjust pricing, and prioritize the development of in-demand unit configurations.

For example, if one-bedroom units show significant growth, it might signal a higher demand in the market, warranting increased focus on similar units.

Dive Deeper with Enhanced Tools

For stakeholders looking for even greater detail, our Enhanced Report and Database Explorer Solutions offer comprehensive data for strategic decision-making. These tools provide customized insights to help you stay ahead in a competitive real estate market.

To learn more, visit College House or contact us at info@collegehouse.com.

Stay informed, plan strategically, and leverage these insights to achieve success in your real estate ventures.