Marcus & Millichap

Tampa-St. Petersburg Self-Storage Investment Forecast

2019 Outlook

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New Residents Use Self-Storage, Aid Rent Growth

A 3.5 percent increase in median household income paired with continued job growth supports the formation of 9,000 households this year. A widening gap between the average apartment and mortgage payment will direct more of these new households to rent. As apartment living becomes more common in St. Louis, renters may have further need for storage units to compensate for smaller floorplans.

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