2025 – Q1 Self Storage REIT Report
2025 Q1 REIT REPORT The first quarter of 2025 showed signs of stabilization for the self-storage industry despite overall market volatility. Some storage REITs reported positive year-over-year revenue growth, something that has not happened for any storage REIT since the second quarter of 2024. In addition, year-over-year street rate growth continues to trend towards positive […]
Are Climate-Controlled Units Really Worth It?
Are Climate-Controlled Units Really Worth It? Imagine you have a piece of land that is perfect for self-storage development. The visibility is unmatched off a major highway, the population density is high, the zoning is in place, and there aren’t any competitors looking to build self-storage near your site anytime soon. You’ve done your due […]
Q4 Self Storage REIT Report
A Challenging 2024 for Self-Storage Operators 2024 put self-storage operators to the test. Street and web rates were heavily discounted, property taxes surged, and operators struggled to reconcile headline prices with achieved rents and existing-customer rate increases. This report uses TractIQ data and REIT filings to cut through the noise so you can underwrite and […]
The Gap Between Street and Web Rates
First, let’s begin with some context and a few definitions.Self-storage customers sign monthly leases, which carries a double-edged sword. Storage operators often increase customer rental rates as the demand for storage grows within amarket. This responsiveness helps operators capture revenue quickly in times of strong demand. On the flip side, as demand weakens or prices […]
Nationwide Average Street Rates By State
Download the nationwide average street rate data. As an investor, it’s vital to have quick access to quality data when analyzing a potential market or deal. Enter your information here to download in-depth statewide self-storage data. KEY INSIGHTS PER STATE: Sqft/Capita Number of Stores Average Street Rent Enter your information to instantly download the full […]
Identifying Acquisition Opportunities
Identifying Investment Criteria for Self-Storage Acquisition Opportunities:In this video, I discuss the importance of creating an investment criteria for self-storage properties. By setting thoughtful standards, you can efficiently screen out properties that don’t align with your goals. I walk through demographic and facility filters to consider, such as population growth, median income, and square foot […]
Q3 Self Storage REIT Report
The self-storage industry continues to show resilience in the face of headwinds pressuring the market. Each self-storage REIT expressed cautious optimism heading into 2025 while remaining vigilant in operations during a challenging economic and housing environment. KEY FACTS: Extra Space in-place rates are 26.7% above their advertised rates Public Storage in-place rates are 3.0% above […]
