Self-Storage National Report

The self-storage sector is moving toward stabilization as declining construction supports a projected improvement in vacancy. Rent performance will remain uneven, however, as recent deliveries lease up and limited household mobility constrains new customer demand. Meanwhile, strengthening investment activity, REIT consolidation and third-party management growth are reshaping the industry’s competitive landscape. 

• Outlook for vacancy and rents as deliveries taper nationally but remain concentrated in Sun Belt markets
• Review of the rebound in investment activity
• Analysis of REIT consolidation and third-party management growth
• Update on cap-rate spreads and lender composition