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self-storage
Yardi Matrix leaders present a self storage industry update
The U.S. self storage industry’s dynamic landscape was the focus of a recent Yardi Matrix self storage industry update by Jeff Adler, vice president, and Tyson Huebner, director of research. The sector is emerging from two challenging years of declining rent, occupancy and revenue stemming from weak housing demand. But signs indicate that some supply […]
04 / 07 / 25
Self Storage May Struggle
The latest Yardi Matrix Self Storage webinar provided insights into the current state of the economy and its impact on the self-storage industry. Find a full recording of the March 6 webinar here and view the presentation deck here. The self storage sector began seeing weaker performance in 2023 due to a decline in demand, […]
03 / 07 / 24
Weak Demand Hurts Self Storage
Self storage performance slumped in the second quarter of 2023, typically the strongest quarter, due to weak demand. That was among the top takeaways from a Thursday webinar hosted by industry leading data provider Yardi Matrix. You can view the webinar recording and presentation materials here. Among other key takeaways for the sector: “We’re in […]
08 / 24 / 23
Storage Rates Hold
Self storage street rates were solid in May, with several unit types and sizes improving on a monthly basis and sequential growth staying to trend, according to the latest National Self Storage Report from Yardi Matrix. The self storage market continues to be resilient, despite headwinds to demand caused by a slowing housing market. National […]
06 / 15 / 23
Self Storage Rents
Self storage street rates continue to fall off of last year’s historic highs each month, according to the latest National Self Storage Report from Yardi® Matrix. However, sector fundamentals remain strong. Year-over-year street rate growth was negative in March for the sixth straight month, with national average rates for standard-size 10×10 units down 2.3 percent […]
04 / 19 / 23
Storage Stabilizes
Self storage street rates were flat in February as consumer relocation trends and demand revert to pre-pandemic levels, according to the latest National Self Storage Report from Yardi Matrix. Growth of the average national street rate for all unit sizes was -2.8 percent year-over-year, unchanged from January. Rates for standard-size 10×10 units fell by 3.1 […]
03 / 17 / 23
Demand Steady
Continuing steady demand signals stability for the U.S. self storage sector even as street rates declined in January, according to the February 2023 National Self Storage Report from Yardi Matrix. Year-over-year street rates for 10X10 non-climate-controlled units slid by $7 to $126 in January, a 2.3% drop from their peak of $133 in the summer of 2022. Only […]
02 / 21 / 23
Self Storage Update
National self storage street rates hit their lowest average of the year last month, according to the latest National Self Storage Report from Yardi Matrix. Average street rates for both 10X10 climate controlled (CC) and 10X10 non-climate controlled (NON-CC) units slipped in October for the second straight month as demand weakened. The national average rate […]
11 / 17 / 22
Rates Slow
Average self storage street rates reduced slightly in August, according to the latest National Self Storage Report from Yardi Matrix. A national average overall street rate of $149 was recorded. Despite moderating street rate performance, demand continues to be strong. The new self storage report focuses on areas of demand for storage units, which include […]
09 / 23 / 22
Storage Stays Steady
Demand for self storage units is steady, so street rates remained at record highs last month, according to the latest National Self Storage Report from Yardi Matrix. Average U.S. street rates for 10X10 non-climate-controlled (NON CC) units remained at $132 in June, matching the all-time high set last month. Climate controlled (CC) 10×10 units were […]
08 / 18 / 22
Self Storage is Solid
Self storage rates keep edging up month after month due to persistent demand, according to the latest National Self Storage Report from Yardi® Matrix. Average U.S. street rates for 10X10 climate-controlled (CC) units rose $1 to $132 in June, while average rates for 10X10 non-climate-controlled (NON CC) units also rose $1 to $150, both all-time […]
07 / 22 / 22
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