Self Storage

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.

While national street rates fell compared to July 2019, rate performance was positive for the standard climate and non-climate-controlled units on a month-over-month basis.

In a sign that the sector may have seen the worst of the fallout from the pandemic, the downward trend of street-rate performance is starting to slow.

The self storage sector continued to see negative effects caused by the pandemic, as street-rate performance declined in all the top markets tracked by Yardi Matrix.