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Texas A&M brings in beds: ten universities bringing 1,000 new beds fall 2016Texas A&M brings in beds: ten universities bringing 1,000 new beds fall 2016https://www.recenter.tamu.edu/news/newstalk-texas/?Item=128942016-04-19T05:00:00Z

​​​​​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 f​all 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. 

 
Axiometrics Inc.
College Station-Bryan
Multifamily
http://www.axiometrics.com/blog/abundant-new-off-campus-student-housing-supply-and-prelease-ratesSource: {Source}

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