{"id":1721,"date":"2021-09-15T10:37:59","date_gmt":"2021-09-15T10:37:59","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=1721"},"modified":"2024-02-06T11:04:26","modified_gmt":"2024-02-06T11:04:26","slug":"self-storage-rates-continue-to-climb-yardi-matrix-reports","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-rates-continue-to-climb-yardi-matrix-reports\/","title":{"rendered":"Self Storage Rates Continue to Climb, Yardi Matrix Reports"},"content":{"rendered":"\n

Street rates are still increasing year-over-year for non-climate controlled units, with some signs of potential upcoming slowdown<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Sept. 13, 2021<\/strong> \u2013 Yardi\u00ae Matrix reports<\/a><\/strong> that in August, self storage street rates across the nation continued to grow, but there are some signs of a potential slowdown coming.<\/p>\n\n\n\n

Street rates on a national level once again saw an increase on a year-over-year (YoY) basis, with national average rates for 10×10 non-climate-controlled units remaining at an all-time high of $128. The new-supply pipeline also saw a slight uptick in activity and remains robust at 8.6 percent of existing stock.<\/p>\n\n\n\n

\u201cHowever, while the storage industry appears to be remaining resilient, its upward momentum may be showing slight signs of slowing down in the second half of the year, as street rates across the nation saw a slight deceleration in growth on a monthly basis in August,\u201d say Matrix analysts.<\/p>\n\n\n\n

While street rates across the nation saw substantial growth on an annual basis, rates for both 10×10 NON CC and CC units remained flat month-over-month in August, potentially signaling a slight slowdown in the street rate acceleration seen in 2021. Subscribe to<\/a><\/strong> the latest Yardi Matrix self storage updates to stay current with market trends.<\/p>\n\n\n\n

Matrix tracks a total of 2,369 U.S. self storage properties in various stages of development\u2014comprising 612 under construction, 1,288 planned and 469 prospective properties. Matrix also maintains operational profiles for 27,044 completed self storage facilities across the United States, bringing the total data set to 29,413 nationwide. Read the latest self storage report.<\/a><\/strong><\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong><\/p>\n\n\n\n

Yardi\u00ae develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Street rates are still increasing year-over-year for non-climate controlled units, with some signs of potential upcoming slowdown SANTA BARBARA, Calif., Sept. 13, 2021 \u2013 Yardi\u00ae Matrix reports that in August, self storage street rates across the nation continued to grow, but there are some signs of a potential slowdown coming. Street rates on a national […]<\/p>\n","protected":false},"author":650,"featured_media":1722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[307],"class_list":["post-1721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-self-storage-outlook"],"yoast_head":"\nSelf Storage Rates Continue to Climb, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Street rates are still increasing year-over-year for non-climate controlled units, with some signs of potential upcoming slowdown.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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