Student housing has been no stranger to the impacts of the pandemic. Like other commercial real estate sectors, student housing owners were blindsided by the onset of the coronavirus outbreak and economic shutdown in March 2020, which caused widespread school and business closures and forced many students to return home early. For operators, the damage was compounded when universities had inconsistent reopening policies in the fall. While the market will likely continue to recover through the spring semester, there is a bright light ahead: fall semester 2021.
Student housing owners are anticipating renewed confidence in the second half of 2021, which will bring stronger demand and higher occupancy rates, as well as modest rent growth.
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