U.S. student housing occupancy reached 95.1% for the start of the 2025 academic year, the second-highest level since 2019, Yardi Matrix reported. The strong preleasing reported earlier in the year consistently carried through to fall move-ins for the 1,600 student housing properties serving the Yardi 200 colleges and universities, the firm said in its latest National Student Housing Report.
The majority of schools (112) saw occupancy increase year over year, although 73 reported lower occupancy compared to September 2024. However, just 32 schools failed to reach 90% occupancy, compared to 50 the year prior.
Conversely, rent growth across the Yardi 200 slowed to 0.8% year-over-year as of September, declining from 4.5% at the start of the academic season. More than half the Yardi 200 markets saw lower annual rent growth than in 2024. Yet several markets bucked the national trend, posting stronger leasing season rent gains than the previous year.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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