As students kick off the school year, Tallahassee has been deemed the largest student housing market in the country, according to a recently released report.
Home to the Florida State University Seminoles, the metro area has the highest amount of deliveries for this school year with more than 26,000 beds, even though enrollment was down negative 0.4 percent, according to Axiometrics, a Dallas-based research firm.
Meanwhile, Texas universities are performing well as student rents continue to grow in the Lone Star State. The University of Texas at Austin led the list with the largest average rent growth at 3.6 percent, but landed as third largest market with more than 18,000 beds.
Southern states accounted for the entire list of top areas for off campus housing.
Top 10 Student Housing Markets for Fall 2014
1. Florida State University / Tallahassee, Fla. / 26,904 beds / -.07 percent rent growth
2. Texas A&M University / College Station, Texas / 20,571 beds / 2 percent rent growth
3. University of Texas at Austin / Austin, Texas / 18,361 beds / 3.6 percent rent growth
4. University of Florida / Gainesville, Fla. / 18,040 beds / 0.5 percent rent growth
5. Texas State University / San Marcos, Texas / 16,330 beds / -0.2 percent rent growth
6. University of Central Florida / Orlando / 15,600 beds / -2 percent rent growth
7. University of Alabama / Tuscaloosa, Ala. / 12,319 beds / -1.2 percent rent growth
8. Georgia Southern University / Statesboro, Ga. / 11,631 beds / -3.5 percent rent growth
9. University of Georgia / Athens, Ga. / 10,933 beds / -2.2 percent rent growth
10. Texas Tech University / Lubbock, Texas / 10,873 beds / 0.1 percent rent growth
Lindsay Machak is an Associate Editor for Multifamily Executive. Connect with her on Twitter @LMachak.