Market Intelligence: Spring 2025 Student Housing Update
The Fall 2025 leasing season has large shoes to fill as the industry comes off two of its strongest-performing years. While momentum slowed in the back half of Fall 2024's leasing season, the balance between demand and supply across the national purpose-built off-campus student market remains healthy.
New supply delivery in 2025 figures to stay around recent levels, which continue to trail well behind the previous decade's average. However, the demand story appears more nuanced, with demand trends beginning to revert to pre-pandemic levels. There is strong, persistent demand at schools that have historically maintained more substantial enrollment growth, while the schools with weak growth (if not declining enrollment) are beginning to trail their counterparts.
What key themes summarize the industry's performance halfway through the 2025 leasing season? And what may happen with leasing and investment activities as the industry works through the back half of the 2025 year?
Join RealPage® experts as they review recent performance stats for the nation's student housing market. Key topics include:
- What key performance metrics suggest about 2025's leasing season
- What schools appear to be well-positioned for the coming years and where the narrative is beginning to shift
- Will supply/demand remain balanced for the nation overall
- The near-term (12-to-18-month) outlook for the student housing industry
Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
Arben Skivjani
Deputy Chief Economist and Director of Forecasting, RealPage, Inc.Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.
Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.
Arben holds a master’s degree in economics from The University of Alabama.
