Empiric Student Property said revenue occupancy for academic year 2023-24 now at 86% and continuing to track significantly ahead of prior year. Like-for-like growth in average weekly rents for academic year 2023-24 is now expected to exceed 7%. “The booking cycle for academic year 2023-24 continues to track significantly ahead of 2022-23, which was itself a record year for the company.

We remain confident in achieving occupancy rates above 97% and pleasingly, delivering rental growth in excess of 7% like for like, ahead of earlier guidance,” said CEO Duncan Garrood