Self Storage (Matrix)
Historic Highs Are Behind for Self Storage
Overall street rates were down month-over-month, amid yearly cooldown.
Self Storage Rents Continue Yearly Decline
Month-over-month rent growth remained flat natonally.
Cooldown Persists for Self Storage
The year-over-year street rate performance remained negative, but monthly rents showed growth.
Self Storage Rents Decline, Demand Stays Firm
Month-over-month rent growth remained flat in most of the top 31 metros, amid annual declines.
Self Storage Demand Steady as Negative Rent Movement Continues
Although year-over-year changes remain negative, historic rates are still stable.
Cooldown Tapers for Self Storage
Despite a year-over-year decline, average street rates remained unchanged month-over-month.
Self Storage Street Rates Slowdown Softens
Annually Nashville was the sole market where rates increased for both 10×10 unit options.
Notable Cooldown Persists for Self Storage
On an annual basis, the average national street rate for all unit sizes decreased yet again.
Self Storage Rents Decline
Despite continued deceleration, average street rates remain above pre-pandemic levels, according to Yardi Matrix.
Self Storage Rents Continue to Slow Down
Year-over-year rent growth was slowest since mid-2020.