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The fall 2022 student housing report card from Yardi Matrix showed an impressive 96.6 percent of bedrooms filled with 4.1% rent growth.

Elevated investment activity continues despite rising interest rates, and the new-supply pipeline is robust, Yardi added.

Its new quarterly National Student Housing Report issued this week based on its tracked Yardi 200 universities showed that the pace of preleasing “was faster for selective universities with higher enrollment. But positive performance was widespread among university types across the country.

Twelve universities had double-digit growth in pre-leasing levels compared to September 2021 with Washington State University (18.9 percent growth) and the University of Houston (16.4 percent) topping the list.

“While student housing rent growth is starting to decelerate, there is still a significant spread between student housing and multifamily rents, which could support continued growth over the next couple of years,” according to the report. “The impact of multifamily rent trends on student housing will be stronger in university areas with a prominent shadow market, given the availability of options within a close radius.”

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