Self Storage Rents Expected to Fall Over the Summer

An informative article regarding rent growth in our industry from Evelyn Jozsa of “Commercial Property Executive”
Although rent declines were moderate in the first half of 2019, and some markets have seen year-over-year growth, heavy new deliveries are expected to put increased pressure on rents over the summer. On a year-over-year basis, national street rates decreased by 1.7 percent as of June for standard 10×10 non-climate-controlled units, and by 2.9 percent for climate-controlled units of similar size… READ MORE

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