Voyager Suite
Breeze
Virtuoso
Investment Suite
RentCafe Suite
REACH by RentCafe
CommercialCafe Suite
Elevate Suite
Procure to Pay Suite 
Energy Suite
Aspire
RightSource
Care Suite
Matrix
ScreeningWorks Pro 
CommercialEdge Suite 
Yardi Kube Suite
Yardi Corom
Full implications of COVID-19 on the self storage
sector not revealed in latest available market data
SANTA BARBARA, Calif.,
April 24, 2020 – The self
storage industry is known for its counter-cyclical tendencies during real
estate downturns, and thus far, that appears to be the case during the COVID-19
pandemic, according to the latest Yardi Matrix® self storage report.
On the surface,
March appears to have been a positive month for the storage industry, with
continued demand and improving national street rate performance. But time will
tell whether the picture stays bright for self storage owners and investors.
“April, May and
June will be telling for all aspects of the self storage industry—from the
operations side to development to consumer demand,” states the Yardi Matrix report.
Yardi Matrix
tracks a total of 2,197 U.S. self storage properties under development—comprising
592 under construction, 1,144 planned and 461 prospective properties. The share
of existing projects in various stages of development accounted for 8.9% of
existing inventory in March.
Yardi Matrix also
maintains operational profiles for 25,869 completed self storage facilities
across the United States, bringing the total data set to 28,066.
Download the March Yardi Matrix self storage
report.
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, student housing, industrial,
office and self storage property types. Email [email protected], call (480) 663-1149 or visit yardimatrix.com to learn more.
About Yardi
Yardi® develops and
supports industry-leading investment and property management software for all
types and sizes of real estate companies. Established in 1984, Yardi is based
in Santa Barbara, Calif., and serves clients worldwide. For more information on
how Yardi is Energized for Tomorrow, visit yardi.com.
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