Real Estate Articles

2020-09-23 Self Storage Industry Sees Strong Demand | By: Brad Beckett

Self Storage Industry Sees Strong Demand

By Brad Beckett

We’ve had several posts about the self storage industry over the past few years.  Now comes a recent report form RentCafé (analyzing the 100 largest markets) that says although inventory is high and rates are lower, demand is keeping the industry strong.  RentCafé says the U.S. currently has over 1.4 billion square feet of self storage space, of which 190 million square feet, or 13%, were built within the past five years, which has lowered rent costs.  The average national rent for a 10X10, non-climate-controlled unit (non-CC) was $113 in July.

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