Pipeline prompts increase in Yardi Matrix self storage supply estimate

Q4 supply forecasts for 2025 and 2026 reflect larger-than-expected construction inventory

SANTA BARBARA, Calif., Nov. 13, 2025 – On the basis of a larger-than-expected construction pipeline, Yardi® Matrix increased its Q4 2025 forecast of U.S. self storage supply completions by 4.3% for 2025 and 4.6% for 2026.

However, data collected by Yardi Matrix continues to show an overall deceleration in both near-term and long-term development interest, as new supply delivered in recent years has put downward pressure on rates and occupancy.

The previous quarter’s forecast of a 0.1% decrease in new supply in 2027 remains unchanged in the Q4 forecast. “Should the combination of advertised rental rate growth and easing monetary policy drive a pickup in Q4 2025 construction starts, subsequent forecasts will be revised higher,” according to Yardi Matrix analysts.

See forecasts through 2030 in the Q4 Yardi Matrix Self Storage Forecast Update. Q4 Yardi Matrix Self Storage Forecast Update.

Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, single-family rentals/ build to rent, affordable housing, student housing, self storage, office, industrial, retail and vacant land property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more.

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