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Real Estate

https://www.realpage.com/analytics/little-room-left-late-season-student-housing-demand/

Source: https://www.realpage.com/analytics/little-room-left-late-season-student-housing-demand/

After the uncertainty brought by the global pandemic for the last two years, the student housing industry can now be summed up in two words: impressive performance. Considerable demand has propelled pre-lease rates to record levels across the core 175 universities tracked by RealPage.

After the pandemic-stunted performance in Fall 2020, Fall 2021 picked up a considerable amount of late season pre-lease demand in June, July and August. That late season demand for Fall 2021 accounted for over a quarter (26.1%) of all pre-lease occupancy, registering a good 600 basis points (bps) above the long-term norm. While that may have been expected again in 2022, such strong pre-lease performance through May 2022 leaves little room for additional demand.

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](https://www.realpage.com/asset-optimization/market-analytics/)![](/uploads/220712-realpage1.png)

Through May 2022, pre-lease occupancy stood at 77.8%, marking the highest figure on record since 2014 and a huge rebound from the past two pandemic years. For the past several years, month-over-month pre-lease rates have grown by an average of 8.3% in the month of May. In 2020, the pandemic dampened those results to a lackluster 4.7%, only to rebound considerably in the next two years. Pre-lease rate grew 9.6% in May 2021 and 9.2% in May 2022.

[
](https://www.realpage.com/asset-optimization/market-analytics/)![](/uploads/220712-realpage2.png)

There are simply not a quarter of beds left to be pre-leased this summer with these strong readings. Even if late season demand runs in-line with the long-term average of about 20%, Fall 2022’s final pre-lease rate will be nearly 100%.

To learn more about the data behind this article and what RealPage has to offer, visit https://www.realpage.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us