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One of the most stable forms of commercial real estate investment, the self storage industry fills a growing need for millions of Americans.
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Marcus & Millichap's National Self-Storage Group (NSSG) provides investors and owners with local market knowledge, property-specific expertise and custom-tailored marketing plans to help them achieve their investment goals. Our marketing platform is a powerful tool for matching the right buyers with the right properties while maximizing value for investors of self-storage facilities. Our investment specialists have experience handling all types of storage facilities and understand the divergent needs of private investors, REITs and institutional investors.

Richard Bird

Richard Bird
First Vice President / Regional Manager / National Director
(303) 328-2000
richard.bird@marcusmillichap.com

Self-Storage Research and Data

Houston Self-Storage Investment Forecast

Economic Trends Total employment in the Houston Area market is expected to expand 0.6 percent...

Indianapolis Self-Storage Investment Forecast

Economic Trends Indianapolis employers generated 27,100 jobs in 2015, expanding payrolls by...

Fort Worth Self-Storage Investment Forecast

Economic Trends More than 14,400 jobs will be added to the local workforce this year,...

Detroit Self-Storage Investment Forecast

Economic Trends Following the addition of 39,100 new jobs in 2015, the metro’s...

Self-Storage Market

2016 U.S. Self-Storage Investment Forecast

The U.S. economy once again demonstrated its rugged durability last year as it maintained forward traction amid a variety of headwinds. The harsh winter in the first quarter of 2015 restrained hiring, and weakening international economies joined China’s currency devaluation to send shock waves through Wall Street. Some headwinds, however, worked to the advantage of the self-storage sector. Dramatically lower oil prices boosted households’ discretionary income while the stronger dollar increased American purchasing power, and both placed downward pressure on inflation. These factors, together with steady job growth and modest wage gains, heightened self-storage demand.

The outlook for self-storage facilities in 2016 remains strong as broader economic momentum supports household formation and consumption — both positive demand drivers for these properties. The sector has also benefited from limited construction, but leading indicators point to additional development in the coming year. The favorable supply/demand balance tightened vacancy rates last year, and current forecasts point to a continuation of that trend, although the pace of contraction could ease. New hurdles undoubtedly await investors in 2016, but strengthening consumer balance sheets and still-positive economic momentum will favor self-storage performance.