{"id":42189,"date":"2026-01-27T07:01:58","date_gmt":"2026-01-27T15:01:58","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=42189"},"modified":"2026-03-31T09:43:38","modified_gmt":"2026-03-31T16:43:38","slug":"matrix-monthly-self-storage-report-2026","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/matrix-monthly-self-storage-report-2026\/","title":{"rendered":"2026 self storage reports: Yardi Matrix updates U.S. performance"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-q1-2026-supply-forecast-revised-upward\">Q1 2026: Supply forecast revised upward<\/h2>\n\n\n\n<p>Yardi Matrix updated its near-term forecast for U.S. self storage supply on the strength of Q4 2025 development data.<\/p>\n\n\n\n<p>A larger-than-anticipated under-construction pipeline at the end of Q4, driven by a rebound in new development activity in the second half of the year, prompted Yardi Matrix to release a <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8377-MatrixSelfStorageSupplyForecastUpdate-Q12026\">special bulletin<\/a> announcing that \u201cnew supply will bottom at a higher level than previously anticipated.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-construction-rental-rate-developments-brighten-projections\">Construction, rental rate developments brighten projections<\/h3>\n\n\n\n<p>That in turn led Yardi Matrix to increase its estimate of self storage completions by 6% for 2026 and 4.8% for 2027, with 13.7% growth projected for 2028. New supply net rentable square feet will total 51.1 million in 2026, 44 million in 2027 and almost 38 million in 2028.<\/p>\n\n\n\n<p>The revised outlook also incorporates an improved advertised rental rate outlook based on the 0.3% year-over-year increase recorded in December 2025.<\/p>\n\n\n\n<p>In compiling their near-term completion estimates, Yardi Matrix researchers anticipate \u201cfurther declines in national self storage supply from the post-pandemic cyclical high\u201d and assume \u201csteady but unspectacular economic growth in 2026 that supports moderate self storage demand growth,\u201d the bulletin states.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-get-the-full-story\">Get the full story<\/h3>\n\n\n\n<p>Read about the factors driving the U.S. self storage market through 2031 in the <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8377-MatrixSelfStorageSupplyForecastUpdate-Q12026\">Yardi Matrix Self Storage Supply Forecast Update<\/a>&nbsp;for Q1 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-january-2026-ongoing-supply-pressures-hinder-growth\">January 2026: Ongoing supply pressures hinder growth<\/h2>\n\n\n\n<p>A new <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8248-MatrixSelfStorageNationalReport-January2026\">Yardi Matrix national report<\/a> portrays a U.S. self storage industry poised for recovery yet still feeling the effects of diminished demand and ongoing supply pressure.<\/p>\n\n\n\n<p>The year-over-year rent growth recorded in December 2025 was half that in both October and November, with demand a primary constraint. With historically low home sales cutting demand and therefore revenues, the industry\u2019s recovery from its weak fundamentals \u201cwill be gradual and uneven in 2026, favoring markets with low supply and improving housing conditions,\u201d the report says.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-capital-remains-available\">Capital remains available<\/h3>\n\n\n\n<p>In contrast with market fundamentals, the availability of capital is not challenged, with both debt and equity plentiful for experienced investors and operators. However, \u201ccapital is increasingly selective and deal flow has been constrained by consistent loan extensions and a surge in bridge lending,\u201d the report notes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-pipeline-holds-steady\">Pipeline holds steady<\/h3>\n\n\n\n<p>At about 54.3 million net rentable square feet, the under-construction pipeline remained unchanged between November and December and essentially flat year-over-year due to longer construction timelines and slower winter building activity.<\/p>\n\n\n\n<p>Some metros, such as San Antonio, Philadelphia and New York City, have seen their under-construction supply decline over the past year. Meanwhile, several Sun Belt markets, including Phoenix, Las Vegas and Florida metros Miami, Tampa, and Sarasota-Cape Coral among them, have maintained or increased their under-construction supply, reflecting continued developer interest even as costs and underwriting challenges grow.<\/p>\n\n\n\n<p>Start the year right with an in-depth look at self storage supply and demand drivers in the <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8248-MatrixSelfStorageNationalReport-January2026\">Yardi Matrix National Self Storage Report<\/a> for January 2026.<\/p>\n\n<!-- cmw-metaboxes-meta:\n{\n    \"entries\": [\n        {\n            \"id\": \"custom_update_date\",\n            \"data\": \"2026-03-30\"\n        }\n    ]\n}\n-->\n<!-- cmw-metaboxes-revision:\n{\n    \"entries\": [\n        {\n            \"id\": \"ver\",\n            \"data\": 7\n        }\n    ]\n}\n-->","protected":false},"excerpt":{"rendered":"<p>Yardi Matrix reports provide monthly updates on rent growth, supply, investment trends and other key elements of the U.S. self storage market. <\/p>\n","protected":false},"author":610,"featured_media":42190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791,3240],"tags":[778,1169],"class_list":["post-42189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","category-self-storage","tag-self-storage","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Yardi Matrix reports summarize supply and demand pressures driving the U.S. self storage market. See all reports from 2026 in one place.\" \/>\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\/matrix-monthly-self-storage-report-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2026 self storage reports: Yardi Matrix updates U.S. performance\" \/>\n<meta property=\"og:description\" content=\"What\u2019s the outlook for owners, operators and investors in the U.S. self storage market? 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