Apr 19, 2016
Texas A&M brings in beds: ten universities bringing 1,000 new beds fall 2016
COLLEGE STATION-BRYAN - Student housing properties at Texas A&M have sustained healthy performance, despite the volume of new supply.New off-campus beds have been delivered every year since 2011, and 2,600...
COLLEGE STATION-BRYAN – Student housing properties at Texas A&M have sustained healthy performance, despite the volume of new supply.
New off-campus beds have been delivered every year since 2011, and 2,600 more beds are expected this fall.
Average rent at purpose-built student housing properties is averaging around $683 per bed for fall 2016, up 3.2 percent from fall 2015.
Rent at the studios average $144 per bed above the rest of the market, one-bedrooms average $600 above and two-bedrooms average $375 above the market. Four-bedrooms don’t have quite as large of a spread, averaging $67 above the market.
Though annual effective rent growth is trending above the national average, leasing velocity is averaging below the national pace.
Off-campus student housing properties at A&M were 56.8 percent leased in March, down 546 basis points (bps) from March 2015.
See the charts below for how Texas A&M ranks against the ten universities expecting more than 1,000 new beds this fall.
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