Self-Storage REIT Report – 1st Quarter 2023

June 1, 2023

Self-storage properties performed remarkably well over the past 24 months with properties showing rapid gains in occupancy and rents. Despite slowing demand and more muted growth projections moving forward, rental rates and vacancy are expected to remain stable as the self-storage sector returns to more normalized seasonality in line with pre-pandemic performance. Provided that market fundamentals remain strong, the long-term outlook appears positive. 

For more information on the self-storage sector, please reach out to: