New Student Properties Typically Trail for Preleasing

As new student housing projects are developed, new and innovative amenities are included to attract students. But even with those new amenities, leasing in the property’s first year doesn’t typically keep up with the established communities around campus. When viewing newly developed projects at a national level for each of the past five years, the average leasing velocity for the month of July is 80.9% compared to an average of 88.6% for all other properties.