The Verified Numbers Behind the Nation's Storage Assets

Forget street rates. Forget rule-of-thumb expense ratios. This report is built on something the industry has never had at scale: verified, borrower-reported financial performance data from CMBS-reporting self-storage facilities across the U.S.

The TractIQ Self-Storage Financials Report delivers the benchmarks serious investors, operators, and lenders actually need to underwrite with confidence — not assumptions.

Inside the report:

• The 2024 national median expense ratio, NOI margin, and EGI/SF
• State-by-state financial performance across 32 states
• Top 25 MSA rankings by expense ratio, NOI margin, and revenue per square foot
• 7-year expense composition trends — including the payroll decline that’s reshaping operating models
• REIT vs. Sophisticated vs. Non-designated operator benchmarks, head-to-head
• Why facility size matters when projecting margins