Marcus & Millichap

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Raleigh Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Raleigh is following a strong year for hiring, as organizations in 2018 bolstered the metro’s employment base by 3.8 percent, representing one the largest gains in the nation. An influx of traditional office positions and increased job creation by construction and retail-related firms drove this recent span of strong employment growth. Looking forward, employers are on pace to hire an additional 30,000 workers in 2019.More

Portland Self-Storage Investment Forecast

SelfStorage9
2019 Outlook

The establishment of 22,000 new jobs in 2018 helped move Portland’s unemployment rate to a historically low level. In 2019, employers will bolster staffs by 19,000 positions. A year-over-year improvement in the number of traditional office workers will be witnessed, accounting for more than 20 percent of total employment growth this year.  More

Phoenix Self-Storage Investment Forecast

Self-Storage
2019 Outlook

The employee base in Phoenix expanded by 4.4 percent, or nearly 90,000 positions, in 2018, ranking the metro as the nation’s top market for annual employment growth. Job creation was diverse, as the professional service, construction and education and health industries each added at least 10,000 workers. Widespread hiring velocity persists in 2019, as employers grow staffs by an additional 80,800 individuals.More

Philadelphia Self-Storage Investment Forecast

SelfStorage7
2019 Outlook

Hiring among traditional office firms continues to buoy overall hiring velocity in Philadelphia. Of the 47,000 positions added in 2018, roughly a third were in office jobs within the education, health or professional services sectors. This trend persists in 2019, as metro employers create another 12,000 traditional office positions, supporting the overall establishment of 35,000 new jobs.More

Orlando Self-Storage Investment Forecast

Self-Storage
2019 Outlook

After being one of the nation’s top metros for employment growth in 2018, Orlando is expected to have another high-performance year. Supported by a strong inflow of tourists, the metro’s leisure and hospitality sector continues to rapidly expand, adding a significant amount of new positions moving forward. This growth coupled with a fifth consecutive year of  traditional office hiring backs the creation of 65,000 total jobs in 2019, surpassing last year’s gain of 50,000 workers.More

Orange County Self-Storage Investment Forecast

Self-Storage
2019 Outlook

At near full employment, Orange County employers added 20,000 jobs last year. Roughly half of these new positions were within the hospitality, education and health sectors, offsetting declines in the number of manufacturing and financial-related workers.  More