{"id":8858,"date":"2025-05-08T07:04:00","date_gmt":"2025-05-08T07:04:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8858"},"modified":"2025-06-03T07:17:00","modified_gmt":"2025-06-03T07:17:00","slug":"self-storage-market-outlook-april-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-april-2025\/","title":{"rendered":"Self Storage Market Outlook \u2013 April 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, 28 of the top 30 metros recorded increases in advertised asking rent growth, while Charlotte saw contractions and Orlando remained flat, 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 March, the advertised asking rent movement remained negative, but close to becoming nearly flat, with the average annualized same-store asking rent per square foot down 0.2 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 0.5 percent year-over-year, while rates for climate-controlled units were up 0.1 percent.<\/li>\n\n\n\n
  • Of the top 30 metros tracked by Yardi Matrix, 28 recorded advertised rate increases, while Charlotte saw contractions month-over-month and Orlando remained flat, as the overall per square foot rates were up 0.4 percent to $16.51.<\/li>\n\n\n\n
  • The national under-construction pipeline equaled 2.9 percent of existing inventory, remaining unchanged from the previous month.<\/li>\n<\/ul>\n\n\n\n

    YoY improvement in most metros<\/h2>\n\n\n\n

    In March, the national average annualized same-store advertised asking rate per square foot was $16.51 for the combined mix of unit and sizes. This figure marked an improvement from -0.8 percent registered in February and -1.1 percent in January.<\/p>\n\n\n\n