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Yardi Matrix researches and reports on multifamily, affordable housing, student housing, office, industrial and self storage properties across the United States, serving the needs of a variety of industry professionals.
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The affordability crisis has put a spotlight on the need for more affordable housing, and this Yardi Matrix analysis provides insight into why some markets are more successful at producing housing that fits the budgets of cost-burdened households.
Yardi Matrix expects self storage new supply to contract over the longer term as interest in new development declines. Compared to last quarter’s update, the forecast has been increased for 2024 as well as later years, but that’s to account for our expanded market coverage, as the rate of change remains the same. In the past year, Yardi Matrix has initiated coverage for 17 new self storage markets that comprise approximately 4.5% of the current completed inventory in our database.
Advertised rental rates for RV and boat storage decreased a modest 0.4% in June 2024, as demand from new equipment sales dropped. Still, that compares to a rent decline for traditional self storage. And with slowed development activity, RV and boat storage retains a strong outlook.
Student Housing National Outlook
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