Real Assets Investments Blog - Harrison Street Private Wealth

Enrollment Growth Outpacing New Supply in Student Housing

Written by Harrison Street Private Wealth | Nov 20, 2025 1:00:00 PM

Across the U.S., student housing has become a resilient segment of real estate, supported by steady enrollment growth and limited new development.

  • Power 4 [Big Ten, Big 12, Atlantic Coast Conference (ACC) and Southeastern Conference (SEC)] universities continue to see rising enrollment, driving sustained housing demand on and around campus
  • Annual rent growth has averaged about 5% over the past four academic years, reflecting stable occupancy and persistent demand
  • New construction has slowed to roughly 3% of existing supply, which is well below historical averages

This growing imbalance highlights how private capital can play an essential role in financing the development of additional high-quality student housing supply.

If you’re an RIA interested in exploring how demographic-driven real estate may complement client portfolios, let’s connect.