{"id":6512,"date":"2023-10-23T14:09:47","date_gmt":"2023-10-23T14:09:47","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6512"},"modified":"2024-03-11T15:15:21","modified_gmt":"2024-03-11T15:15:21","slug":"self-storage-outlook-october-2023","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-outlook-october-2023\/","title":{"rendered":"Self Storage Outlook \u2013 October 2023"},"content":{"rendered":"\n

Read the latest Yardi Matrix Self Storage Market Outlook<\/a><\/strong>.<\/p>\n\n\n

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On a monthly basis, all the top metros recorded negative rate growth, while in August only 23 metros had monthly decreases.<\/em><\/p>\n

Key Takeaways:<\/h2>\n
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  • As of September, the annual street continued to be negative with the average annualized same-store asking rent per square foot down 4.2 percent for the combined mix of unit sizes and types.<\/li>\n
  • On an annual basis, the same-store national street rates for the combined non-climate-controlled units fell 4.1 percent, while the same store asking rates for climate-controlled units declined 4.2 percent.<\/li>\n
  • Month-over-month, all of the top 31 metros tracked by Yardi Matrix showed negative growth influenced by seasonality as well.<\/li>\n
  • The national under-construction pipeline equaled 3.7 percent of existing inventory, unchanged from the previous month.<\/li>\n<\/ul>\n