{"id":3602,"date":"2026-07-02T11:59:27","date_gmt":"2026-07-02T11:59:27","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3602"},"modified":"2026-07-02T11:59:29","modified_gmt":"2026-07-02T11:59:29","slug":"self-storage-market-outlook","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook\/","title":{"rendered":"Self Storage Market Outlook \u2013 June 2026"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\">Key takeaways<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>May saw the national average annualized advertised asking rate per square foot rise 0.8 percent on a monthly basis to $16.34 for the combined mix of units and sizes.<\/li>\n\n\n\n<li>Year-over-year, rates for both non-climate and climate-controlled units registered negative movement across 28 of the Top 30 metros.<\/li>\n\n\n\n<li>The national under-construction pipeline totaled 45.6 million square feet, or 2.2 percent of total stock, unchanged since April.<\/li>\n\n\n\n<li>Phoenix and Sarasota-Cape Coral maintain their top two spots in terms of under-construction supply.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rates-climb-month-over-month\">Rates climb month-over-month<\/h2>\n\n\n\n<p>May saw the national average annualized advertised asking rate per square foot rise 0.8 percent on a monthly basis to $16.34 for the combined mix of units and sizes.<\/p>\n\n\n\n<iframe title=\"Year-over-Year Rent Change for Main Unit Sizes\" aria-label=\"Table\" id=\"datawrapper-chart-Ud153\" src=\"https:\/\/datawrapper.dwcdn.net\/Ud153\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"550\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script> \n\n\n\n<p>Over the course of May, 26 of the Top 30 metros tracked by Yardi Matrix recorded positive growth in terms of advertised asking rates. Detroit, San Diego and Seattle\u2019s metrics remained flat from April through May, Phoenix closed the list as the only metro to register negative growth month-over-month.<\/p>\n\n\n\n<p>Year-over-year, however, rates for non-climate-controlled units contracted 1.8 percent across 28 out of the Top 30 metros. Rates for climate-controlled units registered the same exact figures.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-national-pipeline-registers-brief-hiatus\">National pipeline registers brief hiatus<\/h2>\n\n\n\n<p>May saw x self storage properties in all stages of development across the U.S., with x properties under construction, or 2.2 percent of total stock\u2014unchanged month-over-month\u2014x planned and x prospective projects.<\/p>\n\n\n\n<p>During the same month, there were 45.6 million net rentable square feet under construction, down 0.3 percent compared to May 2025. Out of Yardi\u2019s Top 30 metros, seven saw positive movement month-over-month in terms of development, namely Phoenix, the New York suburbs, Austin, Texas, Nashville, Tenn., Los Angeles, Boston and Portland, Ore. Seven metros had negative growth and 16 flatlined. Though one of the metros to record an increase compared to April, Portland, Ore. ranked last on the list, with an under-construction supply of 0.6 percent from the total inventory as of May.<\/p>\n\n\n\n<p>Phoenix and Sarasota-Cape Coral continue to hold the top two spots on the list, with 6.7 and 5.2 percent of under-construction supply from existing inventory. Unlike previous month\u2019s metrics, Phoenix recorded a 30-basis-point uptick, while Sarasota-Cape Coral\u2019s figure dropped 30 basis points on a monthly basis.<\/p>\n\n\n\n<p>Read the full Yardi Matrix National Self Storage Market Outlook: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8833-MatrixSelfStorageNationalReport-June2026\">June 2026<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Rates climb month-over-month May saw the national average annualized advertised asking rate per square foot rise 0.8 percent on a monthly basis to $16.34 for the combined mix of units and sizes. Over the course of May, 26 of the Top 30 metros tracked by Yardi Matrix recorded positive growth in terms of [&hellip;]<\/p>\n","protected":false},"author":3619,"featured_media":10484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,21],"tags":[307],"class_list":["post-3602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends","category-self-storage-market","tag-self-storage-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Self Storage Market Outlook | Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"May saw the national average asking rate per square foot rise on a monthly basis to $16.34 for the combined mix of units and sizes.\" \/>\n<meta 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Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df","name":"Maria Maruta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/Maria-Maruta-profile-picture-CPE-MHN.jpeg?w=78","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/Maria-Maruta-profile-picture-CPE-MHN.jpeg?w=78","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/Maria-Maruta-profile-picture-CPE-MHN.jpeg?w=78","caption":"Maria Maruta"},"description":"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. 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