May 20th, 2024
1. Student Housing Matching Last Year’s Record Pace
Average rent per bed hit $895 in April, a 5.5% increase year-over-year.
2. April Pre-Lease Rate Runs Above Average, But Below All-Time High
With such strong leasing activity in the early months of the student housing pre-lease season, a slight softening was expected toward the end of the spring semester.
3. Development Costs Grow with Enrollment On-Campus
Undergraduate enrollment at colleges and universities is on an upswing post-pandemic.
4. Tackling the Challenge of Incorporating Affordable Housing Units in Student Projects
The push to create affordable housing is creeping into student housing properties, further blurring the line that distinguishes the category from conventional multifamily assets.
5. Virtual Apartment Tours Are Getting an Upgrade
A partnership between LCP Media and CORT Furniture Rental allows prospective renters to visualize apartment spaces through virtual tours with integrated furniture.
6. Using Data to Amplify Marketing’s Voice: Getting a Seat at the Table
The dynamic landscape of the multifamily industry—characterized by evolving resident preferences, market trends and technology—demands a robust approach.
7. What Smart Multifamily Properties Know About Low-Cost Energy-Efficient Upgrades
Optimizing a building’s energy efficiency can fit into a property owner’s budget. Here’s how.