... last year. Altogether, there are more than 51,200 self-storage facilities in the United States totaling about 2B SF, with ... 1% of U.S. households rent space at a self-storage facility. Self-storage vacancy rates are forecast to increase slightly this year as ...
... about 1,100 units. As a CRE segment, self-storage has benefited from a rise in demand nationwide, which ... average apartment and decreasing homeownership levels. A third-quarter 2022 self-storage report from Cushman & Wakefield showed asking rents across the ...
... expect more demand for self-storage due to limited storage space in the typical apartment. Self-storage also has significantly lower ... growth.” Green Street anticipates the delivery of new self-storage facilities will peak in 2019, meaning institutional ...
Self-storage REIT Public Storage has been a cash cow for investors, ... 500 average. If that's not enough, Public Storage shares are up over 2,000% (!) over the ... to be released today. Like other REITs, Public Storage will be sensitive to Fed rate hikes, but ...
Self-storage may not be recession proof (people stuff cash in mattresses, not storage units), but it's certainly recession resistant, according ... end, they say. Many of the assets that Public Storage has purchased are bank foreclosures, which are cheaper to ...
... a partner and managing director of Boston Consulting Group. Public Storage, which has a market capitalization of $52B, is also undergoing ... than 3,300 facilities across the U.S., added 13 self-storage properties to its portfolio in the final quarter of the ...
... 40% since the beginning of 2023. Previously, Public Storage, another self-storage giant, made an $11B unsolicited offer for Life ... has calmed down recently, though it is still strong. Self-storage occupancy rates will mostly hold steady in 2023, Matthews ...
... Stuf targets residents and small to midsized businesses for self-service storage for items like seasonal gear, recreational equipment, store ... estate within larger commercial properties to convert them into storage, raised $11M in Series A financing, led by ...
... reports. His business proposition for the REIT is simple: storage space for RVs and boats, because many neighborhoods have ... director of the brokerage firm's national self-storage group, told CoStar. RecNation Storage’s growth so far is promising, Wojtaszek ...
... -to-rent, hotels, healthcare, student accommodation and now self-storage. “It’s fantastic to see the continued trend ... of institutional funds investing in the self-storage sector,” JLL Associate Director for Alternative Investment Tom ...
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