{"id":4646,"date":"2022-09-08T11:53:15","date_gmt":"2022-09-08T11:53:15","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=4646"},"modified":"2023-09-13T05:21:26","modified_gmt":"2023-09-13T05:21:26","slug":"rv-boat-storage-market-poised-for-further-growth","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/rv-boat-storage-market-poised-for-further-growth\/","title":{"rendered":"RV\/Boat Storage Market Poised for Further Growth, Yardi Matrix Reports"},"content":{"rendered":"\n

Sector on track for record transaction volume as vehicle registrations hit all-time high<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Sept. 08, 2022<\/strong> \u2013 Consumer purchases of recreational vehicles and boats are spurring strong demand for storage facilities, creating investment opportunities within this niche asset class, according to a new research bulletin from Yardi\u00ae Matrix<\/strong><\/a>.<\/p>\n\n\n\n

The bulletin outlines factors driving demand for RV and boat storage. Most notable among them are a record number of acquisitions. In 2021, 571,000 RV registrations and 313,000 boat sales were recorded, driven largely by consumers\u2019 desire for outdoor vacation activities during the pandemic and a shortage of space in residential areas to store the vehicles.<\/p>\n\n\n\n

RV\/boat storage facility deliveries are expected to rise to the highest levels in nearly two decades in 2022, the bulletin reports. However, this growth, constrained by the limited number of developers and suitable facilities, zoning issues and other factors, is not fully meeting demand.<\/p>\n\n\n\n

Sixty-six property sales valued at $284.5 million took place in 2021. With the average price per acre already 40% higher in 2022 over last year, this year \u201cwill likely be another record year for RV\/boat storage transaction volume,\u201d the bulletin says.<\/p>\n\n\n\n

Although vehicle sales could be slowed by rising interest rates, supply chain snags and a slowing economy, \u201cgrowth in the total number of RVs and boats to be delivered over the next five to 10 years is likely to be solid and increase demand for storage,\u201d the bulletin says.<\/p>\n\n\n\n

Read the research bulletin<\/a> <\/strong>to learn more about the RV\/boat market\u2019s current state and prospects and why this subsector of the self storage vertical presents an opportunity for investors.<\/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, self storage, office and industrial 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. With 8,000 employees, Yardi is working with our clients globally to drive significant innovation in the real estate industry. 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":"

Sector on track for record transaction volume as vehicle registrations hit all-time high SANTA BARBARA, Calif., Sept. 08, 2022 \u2013 Consumer purchases of recreational vehicles and boats are spurring strong demand for storage facilities, creating investment opportunities within this niche asset class, according to a new research bulletin from Yardi\u00ae Matrix. The bulletin outlines factors […]<\/p>\n","protected":false},"author":650,"featured_media":4647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29,21],"tags":[471,472],"class_list":["post-4646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","category-self-storage-market","tag-boat-storage","tag-rv-storage"],"yoast_head":"\nRV\/Boat Storage Market Poised for Further Growth, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Consumer purchases of recreational vehicles and boats are spurring strong demand for storage facilities, creating investment opportunities.\" \/>\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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