Marcus & Millichap

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Indianapolis Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Indianapolis job growth improved by more than 24,000 positions in 2018, as employers enlarged the metro’s employment base 2.3 percent following a 1.3 percent rise the year prior. An uptick in retail-related hiring coupled with an inflow of traditional office and construction jobs supported the rise in employment creation. The trend of elevated hiring persists in 2019, as organizations add an additional 25,000 workers to staffs.More

Houston Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Houston experienced a significant spike in job creation last year, as employers bolstered payrolls by 120,000 workers, the largest total among U.S. metros. In 2019, this trend persists as the market adds an additional 110,000 jobs. An influx of professional and business services positions coupled with strong construction, retail and manufacturing-related hiring support this second consecutive year of robust employment growth.More

Detroit Self-Storage Investment Forecast

Self-Storage
2019 Outlook

The continued revitalization of downtown and midtown Detroit is contributing to a wave of multifamily development in the urban core, as residents seek housing in a walkable environment near jobs and entertainment. Corporate investment in the area is leading to new job opportunities and rising household incomes, supporting an expected 3.7 percent increase in total retail sales this year. Greater consumption and a focus on apartment living, where extra space is at a premium, supports the use of self-storage in the market.More

Denver Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Denver’s employment base grew by more than 30,000 positions during each of the past two years, holding unemployment below 3 percent. In 2019, job creation improves, as organizations recruit with increased frequency, bolstering payrolls by 36,000 workers. Of these jobs, 30 percent will be traditional office positions.More

Dallas/Fort Worth Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Dallas/Fort Worth organizations are forecast to create more than 100,000 positions for a second consecutive year, ranking the Metroplex as one of the nation’s top markets for total jobs added in 2019. Diverse hiring velocity will allow the metro’s employment base to expand 2.8 percent this year, led by a continued influx of traditional office positions. Additionally, job gains within the hospitality, retail and health sectors should also be robust, a response to the market’s rapidly growing populace.More

Columbus Self-Storage Investment Forecast

Self-Storage
2019 Outlook

Similar to other Ohio markets, Columbus experiences a second consecutive year of job creation. In 2018, local employers bolstered staffs by 2.1 percent, aided by a boost in traditional office positions coupled with a rise in retail-related hiring. This year, the metro’s employment base expands 1.9 percent, again supported by steady hiring among organizations whose staffs primarily work in offices.More