EVERYTHING YOU NEED TO KNOW ABOUT THIS BOOMING ASSET CLASS

Coming off banner years in 2020, 2021, and 2022, self storage remains top of mind for savvy investors and developers. U.S. self-storage transaction volume grew from $6.2 billion in 2020 to $16.8 billion in 2021, an increase of 170%, far outpacing the historical average annual transaction volume of $4.4 billion from 2010-2021, according to Real Capital Analytics and CBRE Investment Management.

The U.S. self-storage market is comprised of just over 1 billion sq. ft., 125 million sq. ft. built in the past five years, according to Yardi Matrix. New supply is expected to increase through 2028 as these hurdles begin to dissipate. Yardi Matrix is forecasting 31.7 million sq. ft. of deliveries in 2023.