-November 2023 Student Housing Report: Are You Missing Out on These Critical Trends?

Dedicated to providing timely insights, College House presents the November 2023 Month-End Report, a comprehensive overview of key trends influencing the market.
Report Snapshot from College House's November edition of their student housing report.

November 2023 Month-End Report: Key Insights Driving the Student Housing Market

As we approach the close of 2023, the student housing market continues to show dynamic trends that offer valuable insights for landlords, investors, and developers alike. Our November 2023 Month-End Report provides a deep dive into the key factors shaping this sector. In this blog, we’ll break down the highlights and what they mean for your student housing strategy moving forward.

National & Regional Year-over-Year (YoY) Leasing Snapshot

Understanding how leasing activity is performing on both a national and regional scale is crucial for any real estate investor or operator. Our YoY leasing snapshot gives you a clear view of how this year’s leasing trends compare to last year’s figures. This data is essential for evaluating overall market performance, identifying shifts in rental demand, and pinpointing regional variances that may influence your leasing strategies. By adjusting your approach based on this valuable snapshot, you can position yourself for success in your specific market.

National & Regional Rate Growth Snapshot

Rate growth is one of the most critical factors impacting profitability in student housing. Our national and regional rate growth snapshot highlights the pricing trends over the past year and provides an outlook for the coming months. Understanding these trends allows you to assess your current pricing strategy, identify markets experiencing strong rental growth, and determine where you can increase rates to maximize rental income. With this knowledge, you’ll be able to optimize your revenue potential and stay ahead of market shifts.

3-Year Month-over-Month (MoM) Trend Graph: Rates

If you're looking for a deeper understanding of rate trends, our 3-year MoM trend graph is a must-see. This insightful graph tracks the fluctuations in rates over the past three years on a month-to-month basis, giving you a comprehensive view of pricing patterns. By studying these trends, you can uncover seasonal pricing shifts, rate stability, and potential future pricing movements. Armed with this data, you'll be better equipped to predict market shifts, adjust your pricing, and make strategic decisions about your student housing investments.

Floor Plan Level Rate and Pre-Lease Trends YoY

Taking a more granular approach, our report also breaks down the rate and pre-lease trends at the floor plan level. Examining the performance of specific unit types year-over-year allows you to see which configurations are in demand and which ones may need adjustments. This data helps you make more informed decisions about which floor plans to prioritize, what rates to charge for each unit, and how to approach future leasing efforts. With this detailed insight, you can tailor your strategies to the specific needs of your tenants.

YoY Rate Trends by Floor Plan

To dig even deeper into the specifics, our YoY rate trends by floor plan reveal how demand is evolving for different unit types. By analyzing which floor plans are seeing the most significant growth, you can make strategic decisions about your inventory. Are larger units more in demand this year? Or are smaller, more affordable units becoming increasingly popular? Understanding these shifts will enable you to adjust your floor plan offerings and pricing strategy to match what tenants are looking for in their student housing experience.

Don’t Miss Out on the Latest Insights

Staying on top of the latest trends is crucial for maintaining a competitive edge in the student housing market. The insights shared in this report are just a small part of what we offer at College House. By following us on LinkedIn, you’ll stay up to date with the most current data and strategies shaping the industry. Additionally, for those looking to dive deeper into their own student housing strategy, we offer personalized consultations with our team of experts. These one-on-one sessions can help you refine your approach and tackle any challenges you’re facing in your market.

Knowledge is Power—But Timely, Actionable Knowledge Is the Key to Success

At House Analytics, we believe that while knowledge is powerful, it’s the timely and actionable insights that lead to real success. In today’s fast-paced student housing market, staying informed is no longer enough. You need to be proactive, make strategic decisions based on up-to-date data, and be prepared for changes before they occur. Our reports and expert consultations are designed to give you that edge. Don’t just stay informed—be strategic, stay prepared, and ultimately, achieve success in your student housing endeavors.

By leveraging our insights, you’ll be able to make smarter, data-driven decisions that keep you ahead of the competition. The student housing market is evolving rapidly, but with the right knowledge, you can turn these changes into opportunities for growth. Be ready to take action, and be ready to succeed.