{"id":5702,"date":"2023-03-02T13:37:06","date_gmt":"2023-03-02T13:37:06","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=5702"},"modified":"2023-09-12T19:49:26","modified_gmt":"2023-09-12T19:49:26","slug":"self-storage-investment-dropped-in-q4-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-investment-dropped-in-q4-2022\/","title":{"rendered":"Self Storage Investment Dropped in Q4 2022, Yardi Matrix Reports"},"content":{"rendered":"

Creative opportunities in the sector will be discussed during March 1 online event<\/em><\/p>\n

SANTA BARBARA, Calif., Mar. 2, 2023<\/strong> \u2013 The self storage market, typically a haven for savvy investors, experienced uncertainty last quarter. Despite recording its second-highest annual sales total in 2022, sales volume dropped sharply to close out 2022. Self storage investment activity is expected to remain light in the near-term due to uncertainty in pricing and yields.<\/p>\n

Self storage property sales totaled $10.0 billion in 2022, down 18.7 percent from $12.3 billion in 2021 \u2013 which was the all-time high.<\/p>\n

\u201cDespite the decline, sales activity was more than double any year prior to 2021. Institutional investor demand has grown in recent years, owing to the sector\u2019s high returns relative to other property segments over the last two decades, recent strong fundamentals performance, and the prospects for growth,\u201d says the latest Yardi\u00ae Matrix Self Storage Transaction Bulletin<\/a>.<\/p>\n

Self storage sales rose through the third quarter of 2022, totaling $2.6 billion in 1Q 2022, $2.8 billion in 2Q 2022 and $3.0 billion in 3Q 2022 before dropping to $1.7 billion in the fourth quarter.<\/p>\n

Some would-be sellers are content to collect dividends until prices move up again. \u201cIf the market improves, sellers will come back out,\u201d said one industry executive.<\/p>\n

Interested in hearing the latest expert insight on rents, development and investment in self storage? Be sure to join us for the March 1 self storage webinar \u2013 free to join and everyone is welcome. Register here.<\/a><\/p>\n

Yardi\u00a0Matrix 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

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

Yardi\u00ae<\/sup> 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

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

Creative opportunities in the sector will be discussed during March 1 online event SANTA BARBARA, Calif., Mar. 2, 2023 \u2013 The self storage market, typically a haven for savvy investors, experienced uncertainty last quarter. Despite recording its second-highest annual sales total in 2022, sales volume dropped sharply to close out 2022. Self storage investment activity […]<\/p>\n","protected":false},"author":753,"featured_media":5703,"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-5702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-self-storage-outlook"],"yoast_head":"\nSelf Storage Investment Dropped in Q4 2022, Yardi Matrix Reports - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Following a strong year for transaction activity, the direction of deal flow in 2023 will depend on rising capital costs and pricing uncertainty.\" \/>\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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