The Fall 2022 pre-lease season has come and gone at a record clip. Nowhere is that more seen than in these 13 universities that recorded annual effective rent growth above 10% at the end of the pre-lease season, according to RealPage Market Analytics. Some of these universities – such as Virginia Tech and Utah State – are regulars on this list, even accounting for the abnormality of the pandemic. UC Riverside and the University of Kansas made strong comebacks from last year when they ended the pre-lease season with rent cuts of more than 7% each. Boise State is a newcomer to this list as it generally logs rent growth slightly above the norm, but not by a sizable measure. (The red-hot conventional apartment market in Boise is no doubt impacting student housing performance there.) Baylor, Georgia Southern and the University of Tennessee are also generally middle-of-the-pack players with performance at or slightly above the norm.
