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Fourteen universities in the Yardi 200 are over 40% preleased, compared to only two schools at this time last year.
Still, they were up 2.6% year over year in September, according to CoreLogic.
Other New York neighborhoods are also attracting high-end retailers.
Minnesota has one of the strongest employment profiles in the nation.
When occupancy and rent growth surged, developers kicked up building efforts to a degree that these small markets had yet to witness.
In-place rents continue to trend upwards, however.
The average U.S. asking rent for October dropped to $1,718 in October.
NAR report shows a 22% increase to $107,000.
Blame the 'consistent rise in interest rates,' says The Boulder Group.
Vacancy now tops previous record high from the Global Financial Crisis.