The Pacific Northwest has a good portion of universities, such as UW, achieving above-average rent growth.
SEATTLE—Effective rent growth and year-over-year change in leasing velocity are key indicators of a university market's health. Staggering rent growth and no impact on leasing velocity illustrate strong fundamental health for many of the top-performing universities and the student housing properties surrounding them.
Overall rent growth for US student housing has compressed, going from 1.8% last fall to 1.4% this fall, but the range across many universities and individual assets is still wide. Peaks in new supply or supply and demand imbalances have caused moderation in performance this leasing season at many universities. But a steady flow of new supply and stable-to-strong enrollment growth has contributed better results for others.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
