{"id":3602,"date":"2026-08-05T13:01:01","date_gmt":"2026-08-05T13:01:01","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3602"},"modified":"2026-08-05T13:01:02","modified_gmt":"2026-08-05T13:01:02","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 July 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>The national average annualized advertised asking rate per square foot rose 0.7 percent through June to $16.48 for the combined mix of units and sizes.<\/li>\n\n\n\n<li>On a yearly basis, rates for both non-climate and climate-controlled units registered negative values across 26 of the Top 30 metros.<\/li>\n\n\n\n<li>The national under-construction pipeline remained unmoved for a second month in a row, at 45.3 million square feet, or 2.2 percent of total stock.<\/li>\n\n\n\n<li>Phoenix and Sarasota-Cape Coral continue to occupy the top two spots in terms of under-construction supply.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rates-register-monthly-uptick-annual-decline\">Rates register monthly uptick, annual decline<\/h2>\n\n\n\n<p>June saw the national average annualized asking rate per square foot rise 70 basis points month-over-month to $16.48 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-XDb5o\" src=\"https:\/\/datawrapper.dwcdn.net\/XDb5o\/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>Out of the Top 30 metros tracked by Yardi Matrix, 29 saw positive growth in terms of advertised asking rates from through June. Sarasota-Cape Coral ranked last and was the only metro on the list to register no movement from the previous month.<\/p>\n\n\n\n<p>On a yearly basis, rates for non-climate-controlled units contracted 1.6 percent across 26 out of the Top 30 metros. Rates for climate-controlled units saw a 1.8 percent drop in 26 of the Top 30 metros as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-national-pipeline-standstill-continues-sun-belt-cools-down\">National pipeline standstill continues, Sun Belt cools down<\/h2>\n\n\n\n<p>June saw 2,482 self storage properties in all stages of development across the U.S., with 608 properties under construction, or 2.2 percent of total stock\u2014unmoved for a second month in a row\u20141,579 planned and 295 prospective projects.<\/p>\n\n\n\n<p>During the same month, there were a total of 45.3 million net rentable square feet under construction, down 0.4 percent compared to June 2026. Out of Yardi\u2019s Top 30 metros, five saw positive movement month-over-month in terms of development, namely San Antonio, Texas, Nashville, Tenn., Los Angeles, Las Vegas and Detroit. 14 metros on the same list had negative growth and 11 flatlined.<\/p>\n\n\n\n<p>Though its metrics showed no movement compared to May, Phoenix ranked at the top of the list for under-construction supply from existing stock, clocking in at 6.9 percent. Second on that same list was Sarasota-Cape Coral, with a 30-basis-point drop from May, to 5.4 percent as of June.<\/p>\n\n\n\n<p>Read the full Yardi Matrix National Self Storage Market Outlook: <a href=\"https:\/\/www.yardimatrix.com\/self-storage-national\/matrix-self-storage-national-report-july-2026\/\">July 2026<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Rates register monthly uptick, annual decline June saw the national average annualized asking rate per square foot rise 70 basis points month-over-month to $16.48 for the combined mix of units and sizes. Out of the Top 30 metros tracked by Yardi Matrix, 29 saw positive growth in terms of advertised asking rates from [&hellip;]<\/p>\n","protected":false},"author":3619,"featured_media":10658,"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=\"June saw the national average asking rate per square foot rise on a monthly basis to $16.48 for the combined mix of units and sizes.\" 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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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