Self-Storage REIT Report – 4th Quarter 2022
March 20, 2023
Rental growth slowed significantly across the nation in the second half of 2022 and occupancy levels also took a step back. After a record breaking 2021 and start to 2022, transaction velocity slowed in the second half of 2022 as the cost of capital surged due to increases in the Federal Funds Rate. While fundamentals are still positive, the major REIT’s have pared back growth projections in their guidance.