Rent growth in student housing slowed to 0.9% in July, with average rent falling to $905 per bed, a 1.4% decrease from the peak in March. Scion, one of the largest student housing owners, notes a shift towards cheaper options as consumers prioritize cost savings over luxury amenities. Investment is increasing in flagship public universities due to record enrollment growth. Walker and Dunlop predicts a dynamic year for the student housing sector, with a focus on functionality, convenience, and affordability over luxury amenities.

Read more at CNBC: Student housing CEO says luxury is losing its appeal