Berkadia’s 2025 U.S. Student Housing Preleasing Report is now live, and we are excited to share our findings with you.

Key Takeaways

• The Student Housing market continues to show signs of strength with the preleasing rate rising 30 basis points year over year to 84.8% in June 2025 and widening from the pre-pandemic rate of 79.0% in June 2019.
• With a typically lower cost to rent, properties more than 1.5 miles from campus had the highest growth in the most recent year to shift closer to the average effective rent per bed across all property types.
• Students continue to show a preference for the Southeast, with a preleasing rate of 86.7% in June 2025 to lead all regions.
• More students are targeting higher education institutions in the Northeast as the 350-basis-point annual increase in the preleasing rate to 82.2% in June 2025 led all regions.