Summer Student Housing Update
Despite significant headwinds presented by COVID-19, student housing performance continues to hold in line with recent years. Fall 2020 pre-lease trends remain consistent with last year, although rent growth has eased. Supply remains a key focal point for student housing operators, as new construction over the past decade has weighed on market fundamentals. The balance of oversupply coupled with steady demand has resulted in both opportunities and challenges for student housing operators, with COVID-19 influencing near-term performance trends.
Join RealPage analysts Greg Willett and Carl Whitaker for an analysis of student housing performance in the year of COVID-19.
Discussion topics include:
- Student market fundamentals, including rent growth, occupancy, supply, and demand
- Long-term market drivers, including enrollment growth, investment appetite, and development activity
- Near-term market adjustments in light of COVID-19
- Emerging trends and some forward-looking insight for Fall 2021 and beyond
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Carl WhitakerMarket Analyst, RealPage, Inc.
Carl Whitaker is a market analyst with RealPage’s Data Analytics division. He brings a background in geography and demographics, analyzing the apartment sector and creating in-depth reports and presentations for clients. Carl has previously worked as an analyst for Axiometrics and for a commercial real estate consulting company whose clients included multifamily property owners where he conducted demographic analysis and analyzed demand for land uses. He holds a Master of Science in Geography.