Yardi Matrix
Self Storage Rents Continue Slow Decline
A new wave of completed projects and oversupplied markets put pressure on rents, which have dropped 1.7 percent on a national level.
Strong Demand for Self Storage Pushes Rents Towards Recovery
Although street-rate rents remained flat for the standard non-climate-controlled units month-over-month, rent performance for climate-controlled units improved by 70 basis points compared to the previous month.
In Office and Multifamily, Dealmaking Momentum Continues
Economic expansion, new household formation and a favorable capital environment boosted first-quarter transaction activity and values for these sectors.
Talk is Cheap: Opportunity Zone Investment Remains Tepid
Restrictions and lingering questions have stalled the rush of activity that was expected when these tax-based incentives were announced.
Self Storage Rents Show Signs of Improvement
While street-rate rents were down 0.9 percent on a year-over-year basis, the rate actually indicates an 80-basis-point improvement compared to the previous month’s rent rate decrease of 1.7 percent.
Self Storage Rents Still Down Across the US
Despite significant rent growth in the West, street-rate rents declined 1.7 percent on a national level. Additionally, the new development pipeline continued to decrease.
Self Storage Rents Slightly Down, Reflecting Seasonality
Large markets in the Northeast and Southwest continued to experience rent growth, however, street-rate rents fell by 1.7 percent on a national level.
Increased Development Activity Burdens Self Storage Rent Growth
Although metros on the West maintained rent growth, street-rate rents declined 4.1 percent across the country. The new-supply pipeline, however, continued to rise.
How High Can Long-Term Interest Rates Rise?
Real estate borrowing rates are still relatively low, but the 2017 tax reform package and 2018 trade issues have led to economic volatility and long-term concern.
Self Storage Rents Fall, Inventory Increases
New projects coming online have continued to put pressure on self storage rents, which have dropped by 4.9 percent nationally.