{"id":8283,"date":"2025-02-04T14:14:56","date_gmt":"2025-02-04T14:14:56","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8283"},"modified":"2025-02-04T14:14:59","modified_gmt":"2025-02-04T14:14:59","slug":"self-storage-to-balance-optimism-and-caution-in-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-to-balance-optimism-and-caution-in-2025\/","title":{"rendered":"Yardi Matrix: Self Storage to Balance Optimism and Caution in 2025"},"content":{"rendered":"

National advertised rate growth remained negative as of December 2024<\/em><\/p>\n

SANTA BARBARA, Calif., Feb. 04, 2025<\/strong> \u2013 While occupancy and rent growth show improvement in some self storage markets, experts remain wary due to high interest rates and a sluggish investment market, according to a new Self Storage National Report<\/a><\/strong> from Yardi\u00ae Matrix.<\/p>\n

The annualized same store advertised asking rate reached an average of $16.28 nationally in December 2024, a 2.3 percent year-over-year decrease. However, the rate is declining at a slower pace than in the previous 20 months.<\/p>\n

Nearly all top metros tracked by Yardi Matrix saw negative movement in advertised asking rents in December. Same-store advertised asking rents for non-climate-controlled units decreased in 28 out of the top 30 metros, while same-store advertised asking rents for climate-controlled units decreased in 27 of the 30 metros year-over-year.<\/p>\n

\u201cThere is still uncertainty about when demand, particularly from home sales, will rebound from its long-term low. Nevertheless, public and private storage operators are projecting revenue and NOI growth of 2.0-4.0 percent in 2025 as supply eases and rate growth improves,\u201d the report notes.<\/p>\n

Yardi Matrix tracks a total of 3,305 self storage properties in various stages of development, including 790 under construction, 2,053 planned and 462 prospective properties. Yardi Matrix also maintains operational profiles for 32,890 facilities, bringing the total data set to 36,195.<\/p>\n

See the new report<\/a><\/strong> for more information on the self storage sector.<\/p>\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, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email matrix@yardi.com, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n

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

Yardi\u00ae develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients 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","protected":false},"excerpt":{"rendered":"

National advertised rate growth remained negative as of December 2024 SANTA BARBARA, Calif., Feb. 04, 2025 \u2013 While occupancy and rent growth show improvement in some self storage markets, experts remain wary due to high interest rates and a sluggish investment market, according to a new Self Storage National Report from Yardi\u00ae Matrix. The annualized […]<\/p>\n","protected":false},"author":753,"featured_media":8284,"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-8283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-self-storage-outlook"],"yoast_head":"\nSelf Storage to Balance Optimism and Caution in 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"National advertised rate growth remained negative as of December 2024, according to the latest Yardi Matrix national report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/self-storage-to-balance-optimism-and-caution-in-2025\/\" \/>\n<meta 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