Yardi Matrix
Self Storage Continues Positive Performance
The self storage industry continued to withstand the pressures of economic uncertainties, with street-rate rents increasing 1.7 percent over the past 12 months.
Self Storage Rents Continue Strong Rebound
The year-over-year street rate performance was positive for both climate-controlled and non-climate-controlled units for the first time since 2017.
Self Storage Rents Show Significant Improvement
The year-over-year street rate performance was positive for the first time since 2017.
Self Storage Industry Trends
The industry’s ability to adapt and control supply is keeping it stabilized during a difficult economy.
Self Storage Rents Continue Recovery Despite COVID-19
While street-rate rents were down 0.9 percent over the past 12 months, all the top markets saw positive rent performance month-over-month.
Self Storage Sector Shows Signs of Resilience
While national street rates fell compared to July 2019, rate performance was positive for the standard climate and non-climate-controlled units on a month-over-month basis.
COVID-19 Impact on Self Storage Rents Eases
In a sign that the sector may have seen the worst of the fallout from the pandemic, the downward trend of street-rate performance is starting to slow.
COVID-19 Impact Still Tough on Self Storage Rents
The self storage sector continued to see negative effects caused by the pandemic, as street-rate performance declined in all the top markets tracked by Yardi Matrix.
Self Storage Rents Not Immune to COVID-19
The self storage sector has started to feel the impact of the coronavirus outbreak, with street-rate performance declining in 97 percent of the top markets tracked by Yardi Matrix.
Self Storage Less Vulnerable to Economic Disruptions
After a long tenure of negative performance, street-rate rents for standard non-climate-controlled units remained unchanged year-over-year.