Yardi forecast, not positive for the Self Storage industry

In a recent article  by Beth Mattson-Teig, Yardi data suggests a short term stall in self-storage growth.

She notes that “The latest industry data suggests that new supply is creating some strong crosswinds that could hinder the self-storage industry – at least in the near term.Although last year likely represented the peak in construction activity for this cycle, there is still a robust pipeline of projects still in the works.”

This is also supported in a quote by Chris Nebenzahl the institutional research manager at Yardi Matrix.

“Rather than a peak and valley with new supply dropping off quickly, we’re seeing more of a plateau where 2020, 2021 and 2022 will just slightly taper off,”

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