Student Housing Annual Turnover?

As the thread title would suggest, does anyone out there care to share what they see / have seen for annual student housing turnover? I'm guessing it's closer to 100% than to market rate's 50%, but would love if anyone has an empirically-backed number

 

One thing that may juice that number is 11 and a half month leases, where they kick students out for 2 weeks at the end of the summer if they aren't renewing in the same unit. Twelve months of rent are still charged, there's just a gap there to make sure management can turn everything in time for the next academic year.

 

In all of our UW we use 100%. In our experience, since Student housing is done mostly by the bed and not the unit, even if you are going to renew someone, they may move to a different unit as friendships/roommate situations change. There is just not enough stability to try and tie the turnover to a different number.

 

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