Yardi Matrix Releases First Quarterly Student Housing Report

SANTA BARBARA, Calif., Feb. 10, 2021 /PRNewswire/ -- Declining undergraduate enrollment and its impact on student housing are just one of the trendlines examined by Yardi® Matrix in its new student housing data report, which will be produced quarterly.

Yardi Matrix Student Housing covers key metrics including pre-lease occupancy, rent by bedroom and by unit, transaction activity, the new supply pipeline, the shadow market, ownership and property management contact information, university profiles and more. The first edition looks closely at pandemic impacts on the sector.

"Despite de-densified dorms and a desire for students to return to campus, the purpose-built student housing industry is beginning to feel the effects of the pandemic," states the report. According to the National Student Clearinghouse Research Center, overall postsecondary enrollment was down 3.3% in fall 2020, and the primary driver of this decline was undergraduate enrollment, which dropped 4.4%.

Pre-leasing for Fall 2021 is off to a slower start than normal as students and parents hedge their uncertainty about vaccine availability, household finances and other factors. The fall 2020 pre-leasing period ended in September at 88.7%, a 5.5% decline year-over-year.

The student housing data set includes over 2,000 universities and colleges nationwide, including the top 200 investment grade universities across all major collegiate conferences. Known as the "Yardi 200," it includes all Power 5 conferences as well as Carnegie R1 and R2 universities.

Student housing insights will also be presented at an upcoming webinar with Matrix vice president Jeff Adler on March 3.

Yardi Matrix offers the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com, call (480) 663-1149 or visit yardimatrix.com to learn more.

About Yardi
Yardi^® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.

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SOURCE Yardi