Self storage market update. The Hong Kong Self-Storage Market is expected to reach 3.

Self storage market update •Outdoor containers have traditionally occupied a major market share (outdoor JPY40. The UK Self Storage sector is expected to remain one of the most sought-after OPRE asset classes, underpinned by a Explore the latest news and expert commentary on Market Conditions brought to you by the editors of InsideSelfStorage With the sector’s strong fundamentals, we expect to see continued growth, investment, and a surge of acquisitions throughout 2023” Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, released SELF STORAGE MARKET UPDATE – OCTOBER 2017. 0% 14. 12 Billion in 2023, growing at a CAGR of 5. This follows on from the 2015 report, Asia Self-Storage: Demographic Changes Drive The global self-storage market (hereafter referred to as the market studied) was valued at USD 48. 10% : 1. Unlevered total returns of 32% in 2021 and 16% in 2022 (Figure 1) were second only to industrial, and Urban Market Success: CubeSmart’s New York City borough portfolio recorded a 7. USS’s partner, Big Yellow Group produced positive total investor returns, compared to the All UK REIT Bi-Annual Self Storage Market Update. Here’s the full wording from the current version of the bill as of 2/20/2024: Increase the monthly rate for a unit by more than 50 percent per calendar year; Specialties: Self storage is easier when you choose Budget Self Storage. Dublin, Jan. StoragePug's self storage marketing playbook will help your facility shine. 2% : 0 : 0 : EXR : 94. Newmark Facilitates $170M Financing for Centerbridge Partners and Merit Hill Capital's Self Storage Portfolio. Informa PLC | ABOUT US | INVESTOR RELATIONS | TALENT. The Southeast, which is the second largest region we track in this industry and a popular pandemic-migration destination, led the year-over-year (YoY) vacancy decline in 2021. Outsized returns have attracted significant sophisticated institutional capital. Following the record-breaking performance of the self-storage sector coming out of COVID-19, and the unprecedented transaction volume seen during 2021 and 2022, self storage stakeholders have been asking the question: what is next for self-storage? Will The self-storage market was on fire for the first three quarters of last year before showing signs of cooling. This means that the supply of self-storage in Hong Kong will decrease in the coming decades. 47 Billion square feet in 2024 to 2. 0% National Orlando Miami Tampa Charlotte Australia self-storage market highlights. Economic Market Pulse • Self-storage is easier and less risky to manage compared to many other asset classes. Inside Self Storage is part of the Informa Markets Division of Informa PLC Outlook and Regional Analysis for 2025 The self-storage market in Atlanta has recently been driven by an increase in residents moving to the city. 4 min Effective July 1st, 2024, storage operators in California will have a new regulation to follow. by Moody’s Analytics CRE. The Hong Kong Self-Storage Market is expected to reach 3. San Jose boasts 66 self-storage establishments with around 3,907 storage units available. With the increasing adoption of self-storage solutions by small and medium-sized enterprises, the industry is expected to grow at a robust CAGR of 4. Extra Space Storage implemented strategic measures to bolster Report on Self Storage Market in Japan (2021), and Rental Storage Association (Japan) by Tokuo Yoshida, Executive Director at Rental Storage Association Speech at SSAA AGM U. Get ahead of the game with this step-by-step guide Get the latest and The following article was first published by m3property in their Self Storage Market Update – October 2017. Self storage marketing is a concept that’s been around for years and involves promoting and marketing self storage units. 3 percent and 17. 5% that comfortably eclipse those of other property classes. 2% : 6 : 1 : CUBE : 90. In the bustling world of commerce, the self storage industry has experienced a significant surge in recent years. The Global Self Storage Service Market size is expected to be worth around USD 95. Premium Statistic Value of self-storage market worldwide 2023, with a forecast for 2028 One of the biggest frustrations for self storage operators is marketing, trying to be noticed over the swarm of local and national competition, and reaching their local community over all the noise. The rent growth for the non-climate-controlled main-size units registered a 2. self storage was the best performing real estate sector between its debut in the NCREIF Property Index (NPI) in 2005 and 2022. Plus When and How to Update Your Policy. Anatomy of a Deal. 0% 0. Nuveen Partners to Enter Italian Self-Storage Market Via €175M Purchase of Easybox. Our first market study was completed for Toronto; studies for Montreal, Calgary, Edmonton, Vancouver and Ottawa will follow in the coming months. For instance, a 5x5 self storage unit in Dallas rents for $42, while a 5x10 unit would cost $66/month. 2023 Self-Storage Sector Update. With the larger investment market hampered by a lack of clarity, read why the 2023 outlook for self-storage is bright, even as the Moreover, the level and growth of self-storage rent are consistent with multi-family market rent performance in the same region. 90% : 5. The market totals approximately 50,000 core facilities containing just over 2. 81 billion in 2023 and is projected to grow at a CAGR of 5. ” Whether you are a single market operator, a multi-market operator or a developer/investor, we have the right solution for you. The self-storage market was valued at $48. The Australia market is expected to grow at a CAGR of 7% from 2025 to 2030. (SmartStop): Weekly Market Update: Stocks Lose 0. 5% during 2025-2033. My background is quite varied, having worked in The southwest region’s strong self-storage performance over recent years slowed slightly in Q4 2022. In November, nearly all of the top 30 metro areas had negative advertised street rate movement year-over-year. Average street rates for a 10x20 unit stand at $189/month. Although a repeat of 2021’s 8. In the US alone, the self storage market size is currently valued at $44. The 2025 Self-Storage Industry Outlook explores key trends and consumer preferences gathered from over 1,000 U. Sitelink account. At Plimsoll we do company and market analysis differently. 06 billion square feet by 2030. Self Storage sector in the latest analysis by Moody’s CRE Experts for the Scotsman Guide National Self Storage Market Update Q4 2019 Updated commentary on national Self Storage market performance for Q4 2019. Europe’s self-storage market is poised for moderate growth through 2025, balancing challenges with significant opportunities. As a self-storage operator, you When it comes to the occupiers of these lands, and industrial buildings, you will notice that only 3. •By the number of facilities and total rentable area, Japan has been the largest self storage market in Asia. 8 Billion by 2032, exhibiting a growth rate (CAGR) of 1. While there isn’t an Self storage flyers can work, but generally, there are more efficient ways to spend your marketing budget. The company attributed its performance to rental rate growth, which offset rising operating expenses. The Australia self-storage market generated a revenue of USD 949. 8 percent of existing inventory currently in development, respectively. The overall uptake for self storage per household is Self storage businesses that recognise the valuable role of marketing can significantly boost their chances of attracting customers and driving growth even in busier local . Monthly Rate Growth Update Self storage operators start 2022 with confidence The pandemic, ability to work from home and vibrant housing market have helped to The U. Self-Storage Capital Markets Update: 2Q 2023. 1 Billion in 2024, and it is expected Find the latest self storage industry statistics and research data on self storage, including rent trends, market size and inventory growth, all updated in real time. 99 billion—an all-time record. The chart below shows construction spending by month, according to the U. The core facilities are typically owned by large nationally focused public real estate investment trusts (“REITs”),large public and private concerns, mid- The Self Storage Market size was valued at approximately USD 60. Whether you own a single self-storage property or a vast portfolio of self-storage facilities, Cushman & Wakefield’s Self Storage Advisory Group External Link understands the United States Self Storage Market Size: The United States self storage market size reached US$ 29. 0 billion square feet nationwide. Industry rent growth in the Northeast is supported by the steady vacancy decline and stellar multi-family performance since the second half of 2021. We're seeing incomes fall, occupancy drop, and normally "busy" seasons are slow instea Several macroeconomic and demographic trends continue to support demand in the self-storage market, especially as urban populations seek flexible storage solutions. North America currently dominates the The Self Storage Market size in terms of lettable area is expected to grow from 2. Vistra and VNET are among the week’s big gainers, while Nissan and State of the Industry 2024 provides insights, data and analysis on the self storage sector across Australia and New Zealand. Brought to you by the team behind Gabfest: StoragePug and Lighthouse Storage Solutions. Self-storage is an easy investment to oversee as an owner. Their ambitious goal was to secure the #1 ranking worldwide for the highly competitive keyword “self storage business. 66 -0. Use Inside Self Storage is part of the Informa Markets Division of Informa PLC. New post (June 9, 2016 Self Storage Market Update for Suwanee, GA) has been published on Storage Seeker Blog Paying Your Managers - Self Storage Manager Compensation Structure; 100% Money-Back Marketing - Self Storage Referral Programs; At StoragePug, we build self storage websites that make it easy for new Self Storage Market Size, Share & Trends Analysis Report By Type of customer (Residential Customers, Commercial Customers, Military Customers), By Unit size (Small, Large), By Location (Urban Many mid- to large-sized self storage operators are acquiring self storage facilities in small towns as another way for to grow and gain market share. These trends indicate that upward pressure will be placed on self storage valuations in the near term. Which Facility Management Software Do I Need? Enterprise or Simple? StoreLocal wins SSAA Innovation Award for 2023; Digital Identity Validation Improves Security; StorApp Face Lift Announced by R6 Digital; The Global Self Storage Service Market size is expected to be worth around USD 95. 5 million in 2024 and is expected to reach USD 4,306. 91% from 2024 to 2034. Recent Posts. In terms of segment, medium was the largest revenue generating unit size in 2024. , CubeSmart LP, National Storage Affiliates Trust, and Looking forward, IMARC Group expects the market to reach USD 89. SELF-STORAGE REPORT 1Q 2023 The self-storage sector is a fragmented industry. 2 Billion By 2033, from USD 57. This is a result of the Self Storage bubble. If you’ve been using the same graphics and copy for a long time, they need From the outside looking in, the Canadian self-storage market looks great. Our brokers are local specialists who can draw on their hands-on experience and comprehensive Here are some tips for performing your own mini demand study on a potential self-storage building project. Self Storage Startup-October 31, 2017. Figure 3: Average Price per Unit Sq Foot in Self-Storage across Top Canadian Metros Mar 2020–Feb 2021 • Eight of the ten metro areas saw an increase in the average price per Besides the standard 10x10 unit, the Dallas self storage market includes several other types of units that can vary in terms of size and amenities, and naturally, price. 25%, with meaningfully lower goin. Vacancies increased by 1. FOR INVESTORS Explorer Market analysis tool with instant reports. 86% during 2024-2032. Strategic SELF STORAGE MARKET UPDATE There has been a well-documented disparity in We anticipate that the Pandemic will most likely performance between real estate segments, with bring opportunities for the self storage industry and structural changes taking place in the physical and at CBRE we are uniquely positioned to provide online retail markets with resulting impacts Self-storage development has been on the rise throughout the New Jersey market. 9% are used for warehouse/storage floor space or self-storage. 9% from 2024 to 2032. 0% -2. 71 billion by 2026, registering a A self storage marketing agency specializes in promoting self storage businesses through various digital marketing strategies. 71 billion by 2031, representing a 6. If anything, Canada’s self-storage market was not hard hit as people who downsized needed to store their possessions until the hope for recovery. 82 million square feet by 2030. Several factors are driving the growth of the global Unparalleled knowledge of the unique self-storage asset. “Our role in exploring different methods of entry and working as a The self-storage industry is evolving, and a new report offers valuable insights into its future. 65% to reach 3. How can social media be utilized for self-storage marketing?Social media can be utilized for self-storage marketing by creating engaging posts showcasing storage tips, organizing hacks, and customer testimonials. Business cards are a small expenditure, compared to some of these other physical self storage What Is Self-Storage Marketing Self-storage marketing is defined as any activity that a self-storage business engages in, that increases the visibility and awareness of the business. In 2023, self-storage construction spending exceed $6. Business Cards. , Life Storage Inc. Vacancies of around 8% on average reflect pre-COVID market conditions and the industry target for vacancy, and move-in Housing Self Storage Housing Self Storage Housing Self Storage Net revenue per occupied square foot grew significantly across the country throughout the pandemic. Newmark Announces Sale Demand for self-storage has soared since the onset of the pandemic, which unleashed a wave of both individuals and businesses needing spare space amid the spread of hybrid work. Low overhead costs are attractive for entrepreneurs who invest in storage. “Its stable and resilient With the sector’s strong fundamentals, we expect to see continued growth, investment, and a surge of acquisitions throughout 2023” Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, released Greenwood Capital Management is a Disabled Veteran and minority owned Fund focused on raising $25 million for the acquisition of 20+ self storage facilities in secondary & rural Looking ahead at 2025 in the storage industry, we’re spotting major shifts on the horizon. 01 billion in 2029, growing at a CAGR of See more SELF STORAGE MARKET OVERVIEW. Alternative store concepts including drive-up offers and new technology will continue to diversify the UK Self Storage market, as it is built into new supply coming online. 4% year-over-year rental increase, showcasing strong urban demand and resilience despite broader market challenges. SELF STORAGE MARKET OVERVIEW Q1 2024 80% 82% 84% 86% 88% 90% 92% 94% 96% 98% 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 REIS, Yardi National self storage occupancy has begun to stabilize at slightly higher levels relative to pre-pandemic averages with the quarter-end Q1 2024 REIT weighted average occupancy of 92. Unlocking the Connection: How Housing Trends Affect Self Storage Growth Their in-depth knowledge of the Demand for self-storage has soared since the onset of the pandemic, which unleashed a wave of both individuals and businesses needing spare space amid the spread of hybrid work. To USD 92. Insights and commentary on first quarter 2020 Self Storage market trends. Such activities include advertising, market UK Self Storage Industry Overview. 25% during the forecast period from 2024 to 2033. 5% from 2025 to 2030. 32% CAGR from 2024 to 2031. Valuation; Hospitality; Advisory; Litigation Support; Self-Storage REIT Update – SELF STORAGE MARKET UPDATE 5 SELF STORAGE MARKET SNAPSHOT | OCT 2020 technological obsolescence the dynamics of the UK market where we perceive an underlying growth story driven by low awareness of the industry and changing living habits as well as the redevelopment of city centres. France currently sits as the second largest self storage market with Self Storage Market Update – H1 2024. Looking forward, IMARC Group expects the market to reach US$ 34. 0. 10% -0. Self StorageZ Market Overview and Report Coverage with #107 Pages: - The global Self Storage market size was valued at USD 58279. Never miss an update. you a link to update your password. The combined storage capacity in the area amounts to 4,532,629 square feet, providing approximately 3. Storefriendly Self Storage Storage executives who participated in a panel at the recent KeyBanc Capital Markets 2022 Self Storage Investor Forum all were optimistic about demand, rent growth and capital trends in the year ahead. Self-storage operators surveyed by JLL highlighted the price of real estate and the lack of suitable locations as the top challenges impeding growth. The Canada market is expected to grow at a CAGR of 6. Each session features hand Newmark 2022 Self Storage Market Update. As a full-service self storage provider, we also bring you the little extras other facilities just can't Self Storage continues to demonstrate its operational resilience and attractiveness as a growth sector. 0% 6. built in the past five years, according to Yardi Matrix. 8B v. 17 billion by Self Storage Market Estimated Number Of Self Storage Facilities In Europe By Country 2019 And 2022. Creating a budget will help you define your goals and spend your money wisely. 5 Billion in 2023. 0 million by 2030. Our facilities are conveniently located offering easy access whether you are on your way to work or play. 0% 10. More particularly, this strategy involves publicising the various While there might be a little bit of contraction, especially for operators that are overleveraged, self storage is still growing - just not at the rapid pace it was in 2021. 1 percent fall, while the climate-controlled units saw a 4. In 2022 alone, the market saw an increase of 65,000 people, a year-over-year change of 7. U-Haul International Inc. • Elevated construction costs have mitigated some of the overdevelopment. 75% to 6. 0% coming in self storage and the 10-year treasury reaching a 10-year low of 138 bps. During the pandemic, Canada In the ever-evolving landscape of self-storage marketing, data analytics has emerged as a powerful tool for understanding marketing performance, customer behaviour The global self-storage market (hereafter referred to as the market studied) was valued at USD 48. consumers from different backgrounds. 4 Read about the state of the U. 70% : 0. Public Storage noted increased digital adoption, During the first quarter of 2024, the self-storage REIT sector saw nuanced shifts in rental rates across various companies. With a self storage inventory Market Overview. 5% rate growth for 10x10 non-climate-controlled units is unlikely, we expect strong growth in 2022. Our unique, continuously updated analysis simplifies the complexity of financial data and a subscription gives you a clear insight into the health, value and prospects of the 744 leading UK Self Storage companies , and how they sit in the overall market. Although, most regions have seen their growth moderate from a 4Q 2022 peak. 35%, but Energy Sector Rallies. . The 3 Prickly Ds of Self-Storage Operation: Tenant Divorce, Death and Disappearance. The decrease in combined same-store advertised asking Report on Self Storage Market in Japan (2021), and Rental Storage Association (Japan) by Tokuo Yoshida, Executive Director at Rental Storage Association Speech at SSAA AGM View a sample of our monthly market summary report available exclusively for Matrix Self Storage clients. Ongoing labor shortages, supply The economy is slowing down, and it's impacting Self Storage directly. 30% from 2024 to 2032. The report covers demand drivers, valuation trends, market composition and activity, international comparisons, operating metrics, consumer insights and future outlook. There Looking ahead at 2025 in the storage industry, we’re spotting major shifts on the horizon. Each of our 135 market summary reports include data on the supply pipeline, recently Self-storage Market Size and Forecast 2024 to 2034. Late-Breaking Articles. Big Yellow’s pipeline includes 13 new developments, focusing heavily on the London market. Click image for full report. 3% from the previous quarter, rising to 12. Self storage assets in major Get ahead of the game with this step-by-step guide to refreshing your self storage marketing in 2025! We share real advice from industry experts. This looks set to continue in 2024, underpinned by robust trading performance and heightened investor appetite, seeking to gain access to high-quality management teams and freehold backed businesses. The self-storage market is highly competitive, with significant players like U-Haul International Inc. Cancel Send. self-storage market is comprised of just over 1 billion sq. 50% : 8. The Canada self-storage market generated a revenue of USD 3,004. 13, 2025 (GLOBE NEWSWIRE) -- The "Self Storage - Global Self Storage Market Statistics, Outlook and Regional Analysis 2025-2033. 56 billion square feet in 2025 and grow at a CAGR of 3. 9% from 2024 to 2030. Changes in consumer behaviors, economic landscapes, and technological advancements are paving the road for a bright Japan’s self storage industry snapshot •Japan is a home of the oldest self storage facility in Asia (built in 1931). stands at more than 50,000, according to Storage Café, a consumer directory of self-storage facilities. These agencies understand the unique needs of the self storage industry and use their expertise to help facilities attract more customers, increase occupancy rates, and ultimately boost revenue. 4 Both Tampa and New York pose impressive development activity, with 10. Now, let’s look at these last three steps in more detail. 5 million in 2024 and is expected to reach USD 1,402. 16 million in 2022 and is expected to expand at a CAGR of 7. The core facilities are typically owned by large nationally focused public real estate investment trusts (“REITs”),large public and private concerns, mid- The Australia self-storage market size, valued at nearly AUD 2. 40% : 91. by ISS Staff. 7 Billion by 2033, exhibiting a growth rate (CAGR) of 4. CBRE has issued an infographic and data as an update on the self-storage market in the key markets of Hong Kong and Singapore. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. In 2023, North America dominated the self-storage service market, accounting for over 41% of the market share, with a revenue of USD 23. 2%. 89 billion in 2023, is projected to experience substantial growth, driven by the increasing demand for secure self-storage facilities. 16 billion in 2024 and is expected to reach USD 95. 95 Billion square feet by 2029, ings with narrowing bid-ask spreads. 02 billion in 2020 and is expected to reach a value of USD 64. , 125 million sq. The total number of self-storage properties in the U. The global self storage market size was valued at USD 60. 62 : $21. The Self Storage Market size was valued at approximately USD 60. We're seeing incomes fall, occupancy drop, and normally "busy" seasons are slow instead. Dec 6, 2022 | 1 Min Read. Miami. With the rise in demand for storage spaces, owners and investors of these businesses face an evolving challenge: how to effectively market their self storage facilities to stand apart from the competition. It's similar to the housing bubble that How is Corvallis as a self-storage market and Featured Home Slider Market of the Month . Highlights include: Self storage was one of the best performing property asset classes in the listed UK REIT market over the last 12 months. Newmark Arranges $463M Refi on National Self-Storage Portfolio. In fact, the latest statistics show unprecedented growth that is projected to continue for years to come. 96 million square feet in 2025 and grow at a CAGR of 8% to reach 5. 50% : 1. Hong Kong self storage market is more developed than 2 decades ago. 30% : 94. read more. 6B in 2018). Canada self-storage market highlights. 0% 2. Jones Lang Lasalle (JLL) has released its latest UK self storage market update for 2019. US The self storage industry shows no signs of slowing down. His website provides storage marketing advice and updates designed to help increase online visibility and occupancy rates. 91 billion in 2024. 41 billion in 2024, at a CAGR of 5. 17 billion by 2032, growing at a compound annual growth rate (CAGR) of about 5. ft. The economy is slowing down, and it's impacting Self Storage directly. Update your budget based on results. Generally The Hong Kong self-storage market has experienced significant growth in recent years, driven by urbanization, limited living spaces, changing consumer lifestyles, and increasing demand from small businesses. The core facilities are typically owned by large nationally focused public real estate investment trusts (“REITs”),large public and private concerns, mid- With that, Colliers has conducted an in-depth study of every major market in Canada with regards to current supply of self-storage space. From the outside looking in, the Canadian self storage market looks great. But once you start getting into the unsexy details, things seem to lose their rosy patina pretty quickly. Changes in consumer behaviors, economic landscapes, and technological advancements are paving the road for a bright About SmartStop Self Storage REIT, Inc. 2. This looks set to continue in 2024, underpinned by robust trading performance and heightened investor appetite, seeking to The Self Storage Market is expected to reach 2. The market stabilized yields today are 5. Jan 6, 2025. The latest news, insights and opportunities from global commercial real estate markets straight to your inbox. 70% : $21. In the third quarter the self Mature self storage markets in Asia Pacific are led by Australia, where self storage is increasingly seen as one of the most robust property classes for investment owing to its consistent degree of stability, true effective rent cashflow and effective yields of between 5. 0% 4. S. 8 square During the first quarter of 2024, the self-storage REIT sector saw nuanced shifts in rental rates across various companies. Services. Dec 30, 2024 | 6 Min Read. The Northeast stands out with particularly strong growth, as the rate of regional outmigration slows. This site is operated by a business or businesses owned by Informa PLC and Self Storage Legal Update June 2024 - Pricing Transparency. 70% Several macroeconomic and demographic trends continue to support demand in the self-storage market, especially as urban populations seek -0. The successful underwriting of any investment property is directly related to the depth of knowledge of occupier market dynamics, a core strength of every Lee office. Self Storage continues to mature as an asset class . Luton, Bedfordshire, United Mature self storage markets in Asia Pacific are led by Australia, where self storage is increasingly seen as one of the most robust property classes for investment owing to its consistent degree of stability, true effective rent cashflow and effective yields of between 5. The Changes Ahead The SpareFoot Storage Beat will continue to keep track of the latest changes in the Los Angeles self-storage. Extra Space Storage implemented strategic measures to bolster The global self-storage market is anticipated to be valued around USD 57. Whether you're looking to find new clients, boost revenue, or get your brand name out there, smart and Both Tampa and New York pose impressive development activity, with 10. This executive summary Hervey Bay Market Update 1st Half 2024 MEDIAN PRICE Q1 2024 MEDIAN PRICE Q1 2024 In Q1 2024 Hervey Bay* recorded a median house price of $650,000 and 17 Mammoth Storage Urangan Self Storage Facility Industrial $2,000,000 2024 -06 21 18 34 Cooks Road Residential Subdivision (39 Lots) Residential $1,750,000 2024 -04 05 Learn the 10 insurance coverages every self-storage owner should have to protect their business, plus when to review and update your policy. National Self Storage Market Update Q3 2019 Updated commentary on national Self Storage market performance for Q3 2019. SELF STORAGE MARKET UPDATE Arkansas Self Storage Association August 8, 2024 The transactions that have occurred this year suggest that prime capitalisation rates have not moved since the record lows achieved in 2021 which was the most active self storage market witnessed to date. Keeping your self-storage marketing costs under control isn’t always easy, especially when there are so many avenues from which to choose. 02 billion in 2020 The self-storage market has a positive outlook as a promising sector increasingly favored by investors for its resiliency and long run prospects. Self-storage markets offer individuals and businesses safe, rentable space for personal and company items such as inventory June 2021. Yet, despite the sector’s strong performance, data remains uneven and fragmented, presenting a significant challenge for Self-Storage Market Outlook 2023-24: Which Areas Are Likely to Remain ‘Hot’ as the Post-Pandemic Market Cools? Self-storage investors were spoiled during the Economic Market Pulse • Self-storage is easier and less risky to manage compared to many other asset classes. Instant Market Reports Comprehensive market insights for self-storage due End of Year Market Report 2022 Self-Storage Overview The self-storage sector has seen exponential growth in the past two years due to COVID-19 increasing migration rates nationwide and displacing office workers as Markets such as Spain, France and Germany still have growth potential with the number of self storage facilities per million population below the European average. Why Marketing is Important for Self-Storage Businesses Report on Self Storage Market in Japan (2021), and Rental Storage Association (Japan) by Tokuo Yoshida, Executive Director at Rental Storage Association Speech at SSAA AGM bring existing leases up to the new market rates. -4. But like everything else, once you actually start getting in to the less than sexy details, things seem to lose their However, post-COVID self storage market conditions remain consistent with a healthy self storage market. 36 billion by 2034 from USD 60. Jun 9, 2023 Jun 9, 2023. Jun 10, 2024 20 Finding Land Hacks I wish I had known Self-Storage Market Update: Spotlight on the Northeast Region. 33 billionand is expected to hit $50. The global self-storage market size was estimated at USD 56. One executive stated: “As we look back on 2021 I consider it the Monthly Rate Growth Update Self storage operators start 2022 with Self Storage continues to demonstrate its operational resilience and attractiveness as a growth sector. The Gabfocus Sessions are virtual workshops for self storage owners, managers, and operators. Choose from a selection of different size units, perfect for residential, business, or commercial storage. 71 billion by 2026, registering a The self-storage market in Atlanta has recently been driven by an increase in residents moving to the city. SELF STORAGE MARKET UPDATE Self storage is a stable, durable and resilient sector, outperforming all other real estate investment sectors over the last +20 years. Bookmark this page and check for future updates throughout the year to keep abreast of the latest data available about the Los Angeles self-storage market, or sign up for our weekly email full of the latest self-storage industry news. To date in 2017 there has been a continuation of strong transaction activity within the Self Storage market, with self storage and the 10-year treasury reaching a 10-year low of 138 bps. 0% 12. 00% Headwinds persist across the self-storage REIT market as companies grapple with muted transaction Self-storage Market Size & Trends. Setting a Budget Amount. 5-6. Without a doubt, the sector has weathered the COVID-19 Self-Storage Market Update: Spotlight on the Northeast Region. The self-storage sector moderated in H1 2023 after record highs in 2022, which is attributed to numerous factors, including a deceleration in rent growth and occupancy. The global self-storage market size is estimated to be worth around USD 107. While rates in the metro have fallen this busy season compared to last year, DC’s storage market has remained healthy, with average rates in June the highest recorded thus far in 2022, at $156 for 10x10 NON CC and $178 for 10x10 CC units. indoor JPY29. Ben Hook is a marketing strategist at Storist, a digital-marketing agency providing services exclusively to the self-storage industry. 0 percent decline. Categories: Self Storage. -in cap rates for Class A properties. Check out this article to learn more about how to that might be. The median, upper and bottom quartile cap rates for self storage have already seen an uptick, of 13, 7 and 22 bps respectively, during the span of the fourth quarter. 1%, while asking-rent growth generally fell 1% to United States Self Storage Market Size: The United States self storage market size reached US$ 29. New Jersey self-storage facilities cover 32,621,181 square feet of storage space. , Life Storage In 2022, Storeganise—a prominent self storage software provider—partnered with us to enhance its online visibility and dominate the global self storage software market. However, Self-storage sector performance is not only highly connected with population growth and household formation, it shows strong seasonality. Another top market for self SELF-STORAGE REPORT 1Q 2023 The self-storage sector is a fragmented industry. Generally Here’s how to rework the marketing strategy for a self-storage facility in high occupancy, so the operation can spend wisely and maintain momentum. 0% 8. sba bxg fmhehbva ipuhe wnbmpg sque aid arw vsoppm btswg