Self Storage

Elevated demand across the country continued to fuel solid rent performance in August, with all major markets again seeing growth.

Miami led top markets in annual rent performance with 10x10 non-climate-controlled rates increasing by 24 percent in July.

The sector continued its solid rent performance in June, with all 30 major markets again seeing improvement.

Street-rate performance was positive in all top markets tracked by Yardi Matrix.

Annual street rate performance was positive in all of the top markets tracked by Yardi Matrix, for both the standard 10x10 climate- and non-climate-controlled units.

Thanks to continuous demand for storage space across the country, street-rate rents maintained momentum.

The year-over-year street rate performance was positive in about 90 percent of the top markets tracked by Yardi Matrix.

The year-over-year street rate performance was positive in 87 percent of the top markets tracked by Yardi Matrix.

The year-over-year street rate performance was positive in 94 percent of the top markets tracked by Yardi Matrix.

The year-over-year street rate performance was positive for both climate-controlled and non-climate-controlled units for the first time since 2017.

The year-over-year street rate performance was positive for the first time since 2017.

While street-rate rents were down 0.9 percent over the past 12 months, all the top markets saw positive rent performance month-over-month.