The student housing performance cycle that began in 2020 has recorded extreme variations, according to a RealPage report. However, several schools have consistently outperformed the national norm for purpose-built student housing pre-leasing and growth, said the firm.
The top performers tended to be in states with fast-growing populations and were more likely to be state flagship universities with large enrollments. Several of the top-performing schools are located in what
RealPage described as quintessential college towns that have a more limited shadow market. Also called student competitive supply, shadow markets consist of any conventional apartment unit within three miles of a college campus that gives students additional housing choices. Limited shadow markets increase demand in the purpose-built student housing sector.
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