{"id":8582,"date":"2025-02-19T11:54:31","date_gmt":"2025-02-19T11:54:31","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8582"},"modified":"2025-03-31T12:48:29","modified_gmt":"2025-03-31T12:48:29","slug":"self-storage-market-outlook-february-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-february-2025\/","title":{"rendered":"Self Storage Market Outlook \u2013 February 2025"},"content":{"rendered":"\n

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

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On a monthly basis, six of the 30 metros recorded contractions, two remained flat, while the remaining 22 saw advertised asking rent growth increase, according to the latest Yardi Matrix self storage market outlook.<\/em><\/p>\n\n\n\n

Key takeaways<\/strong><\/h2>\n\n\n\n
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  • As of January, the advertised asking rent movement continued to be negative, with the average annualized same-store asking rent per square foot down 1.2 percent for the combined mix of unit sizes and types.<\/li>\n\n\n\n
  • Same-store advertised asking rates for the combined non-climate-controlled units were down 1.1 percent year-over-year, while rates for climate-controlled units fell by 1.3 percent.<\/li>\n\n\n\n
  • Out of the top 30 metros tracked by Yardi Matrix, six saw contractions month-over-month, two remained flat, while 22 recorded advertised rate growth increase, as the overall per square foot rates were up 0.3 percent to $16.32.<\/li>\n\n\n\n
  • The national under-construction pipeline equaled 3.1 percent of existing inventory, down 10 basis points from the previous month.<\/li>\n<\/ul>\n\n\n\n

    Advertised rate growth YoY continues to recover in 2025<\/strong><\/h2>\n\n\n\n

    In January, the national average annualized same-store advertised asking rate per square foot was $16.32 for the combined mix of unit and sizes. This figure marks a 1.2 percent decrease compared to January 2024, but rates are declining at a slower rate, compared to the -2.2 percent in December and -2.4 percent in November.<\/p>\n\n\n\n