An Overview of the Self-Storage Market
In February, Marcus & Millichap released its annual forecast for the self-storage market in the United States.
Overall, the firm sees the investment climate as being robust for the sector, in part due to favorable demographic trends.
"The self-storage industry continues to benefit from long-term demographic factors, including the aging of the millennial generation," according to the report. "The 80 million strong population cohort represents a little less than a third of all non-commercial self-storage renters. That proportion is likely to rise as the leading edge of the demographic group enters their primary income-earning years."