{"id":8760,"date":"2025-03-31T07:23:40","date_gmt":"2025-03-31T07:23:40","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8760"},"modified":"2025-05-08T07:51:15","modified_gmt":"2025-05-08T07:51:15","slug":"self-storage-market-outlook-march-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-march-2025\/","title":{"rendered":"Self Storage Market Outlook \u2013 March 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, 26 of the top 30 metros recorded increases in advertised asking rent growth, while the remaining four saw contractions, according to the latest Yardi Matrix self storage market outlook.<\/em><\/p>\n\n\n\n

Key takeaways<\/h2>\n\n\n\n
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  • As of February, the advertised asking rent movement continued to be negative, with the average annualized same-store asking rent per square foot down 0.8 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 1.0 percent year-over-year, while rates for climate-controlled units fell by 0.6 percent.<\/li>\n\n\n\n
  • Out of the top 30 metros tracked by Yardi Matrix, 26 recorded advertised rate growth increase, while the remaining four saw contractions month-over-month, as the overall per square foot rates were up 0.3 percent to $16.42.<\/li>\n\n\n\n
  • The national under-construction pipeline equaled 2.9 percent of existing inventory, down 10 basis points from the previous month.<\/li>\n<\/ul>\n\n\n\n

    YoY improvement in advertised asking rates<\/h2>\n\n\n\n

    In February, the national average annualized same-store advertised asking rate per square foot was $16.42 for the combined mix of unit and sizes. This figure marked a 0.8 percent decrease compared to February 2024. The rates are not only declining at a slower rate than in the previous 27 months but are also showing an improvement from the -1.1 percent in January and -2.2 percent in December.<\/p>\n\n\n\n