Multifamily Market Commentary
Spring 2022 Off-Campus Student Housing Update
June 16, 2022
The spring 2022 semester data on off-campus student housing fundamentals reflects the continued increase in demand as experienced by the sector during the fall 2021 semester. Off-campus student housing rent growth achieved new record highs during the spring 2022 semester, not too dissimilar to the increase in demand experienced for conventional multifamily units over the same time period. However, we expect the off-campus student housing sector to face certain headwinds over its short-term outlook that could impact future demand.