In a recent article by
“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,”
