{"id":1640,"date":"2021-09-03T09:32:59","date_gmt":"2021-09-03T09:32:59","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=1640"},"modified":"2024-02-06T11:11:38","modified_gmt":"2024-02-06T11:11:38","slug":"webinar-recap-self-storage-continues-to-soar","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/webinar-recap-self-storage-continues-to-soar\/","title":{"rendered":"Webinar recap: Self Storage Continues to Soar"},"content":{"rendered":"\n

Analysts expect another 18-24 months of strong performance<\/h4>\n\n\n\n

The ongoing strength of the self storage industry continues to impress analysts from Yardi Matrix, the industry\u2019s leading provider of real estate data. They presented a positive outlook for the sector in a webinar held Wednesday, Sept. 1. (View the recording<\/strong><\/a>.)<\/p>\n\n\n\n

Continued migration from all parts of the country is an ongoing positive for the industry. Street rates are up across the board, with all unit sizes, vintages and property ratings experiencing strong increases. Newer facilities and highly rated facilities, however, have seen their rates accelerate faster than competitors.<\/p>\n\n\n\n

\u201cIf people are moving anywhere, that\u2019s a really good thing for self storage,\u201d said Chris Nebenzahl, editorial director for Yardi Matrix. And Americans have been moving a lot recently \u2013 a Matrix estimate puts the amount of relocation at 6 years\u2019 worth of moves condensed into a year and a half.<\/p>\n\n\n\n

But as the pandemic drags on, it has also been possible to pinpoint some of the additional reasons that demand for storage units, especially medium and large units, remains high. They include:<\/p>\n\n\n\n