{"id":26409,"date":"2020-12-21T05:43:12","date_gmt":"2020-12-21T13:43:12","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=26409"},"modified":"2026-02-22T15:27:50","modified_gmt":"2026-02-22T23:27:50","slug":"status-of-storage","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/status-of-storage\/","title":{"rendered":"Status of Storage"},"content":{"rendered":"

Confidence in self storage remains high as the sector demonstrates ongoing strong street rate performance despite COVID-19\u2019s continued impact across the U.S., reports the latest Yardi Matrix National Self Storage Monthly report.<\/a><\/p>\n

National street rates for standard 10×10 non-climate-controlled (NON CC) units increased 1.7% last month compared to November 2019. While year-\"\"over-year street rates nationwide for 10×10 climate-controlled (CC) units did not increase, the flat performance reflects an improvement over the first nine months of 2020. From October to November, national street rates for 10×10 NON CC units also saw an increase of 0.9%, while nationwide rates for similar-size CC units remained unchanged.<\/p>\n

Annual street rate performance was negative in only about 19% of the top markets tracked by Yardi Matrix for 10×10 NON CC units in November. Rates for this unit type were hit the hardest in Minneapolis, which saw a 3.5% decrease year-over-year.<\/p>\n

Experts caution that despite several months of rosy reports, there still could be challenges ahead. \u201cWhile self storage has established itself as a strong performer in difficult market conditions, it could face a tough slog ahead as another round of COVID-related lockdowns and restrictions emerges this winter,\u201d states the report.<\/p>\n

Nationwide, Yardi Matrix tracks a total of 2,136 self storage properties in various stages of development\u2014comprising 590 under construction, 1,134 planned and 412 prospective properties. The national new-supply pipeline as a percent of existing inventory increased by a minor 0.1% month-over-month in November, and the share of existing properties in various stages of development accounts for 8.3% of existing inventory. \u00a0Yardi Matrix also maintains operational profiles for 26,351 completed self storage facilities across the United States, bringing the total data set to 28,487.<\/p>\n

Read all the highlights for self storage in the latest National Self Storage Monthly report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Confidence in self storage remains high as the sector demonstrates ongoing strong street rate performance despite COVID-19\u2019s continued impact across the U.S., reports the latest Yardi Matrix National Self Storage Monthly report. National street rates for standard 10×10 non-climate-controlled (NON CC) units increased 1.7% last month compared to November 2019. While year-over-year street rates nationwide […]<\/p>\n","protected":false},"author":413,"featured_media":26410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791,4],"tags":[1169],"class_list":["post-26409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-news","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Confidence in self storage remains high as the sector demonstrates ongoing strong street rate performance despite COVID-19\u2019s continued impact across the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/status-of-storage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Status of Storage\" \/>\n<meta property=\"og:description\" content=\"Confidence in self storage remains high as the sector demonstrates ongoing strong street rate performance despite COVID-19\u2019s continued impact across the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/status-of-storage\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T13:43:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:27:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2020\/12\/storage-image-decc.png\" \/>\n\t<meta property=\"og:image:width\" content=\"816\" \/>\n\t<meta property=\"og:image:height\" content=\"616\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/status-of-storage\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/status-of-storage\/\",\"name\":\"Status of Storage - 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