Bisnow (July 21, 2020) -- Student housing owners are seeing pre-leasing stall compared to prior years, as many universities march toward online classes and some students opt to live elsewhere amid the coronavirus pandemic.
Nationally, as most universities plan to reopen campuses despite a worsening coronavirus pandemic, leasing at student housing properties has started to land closer to where it was last year. As of last month, national pre-lease occupancy stood at 74.9%, below the 78.8% seen at that point last year but a notable 6% month-over-month improvement, according to RealPage Market Analyst Carl Whitaker.
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