{"id":8984,"date":"2025-06-03T05:49:38","date_gmt":"2025-06-03T05:49:38","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8984"},"modified":"2025-06-27T08:57:06","modified_gmt":"2025-06-27T08:57:06","slug":"self-storage-market-outlook-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-may-2025\/","title":{"rendered":"Self Storage Market Outlook \u2013 May 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, 27 out of the top 30 metros recorded increases in advertised asking rent growth, Tampa and Seattle saw contractions, while Portland 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 April, the advertised asking rent movement remained negative, with the average annualized same-store asking rent per square foot down 0.4 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 0.6 percent year-over-year, while rates for climate-controlled units remained flat.<\/li>\n\n\n\n
  • Of the top 30 metros tracked by Yardi Matrix, 27 recorded advertised rate increases, Seattle and Tampa saw contractions month-over-month, while Portland remained flat, as the overall per square foot rates were up 0.7 percent to $16.66.<\/li>\n\n\n\n
  • The national under-construction pipeline equaled 2.8 percent of existing inventory, 10-basis-points down from the previous month.<\/li>\n<\/ul>\n\n\n\n

    A slight slowdown in annual rate growth<\/h2>\n\n\n\n

    In April, the national average annualized same-store advertised asking rate per square foot was $16.66 for the combined mix of unit and sizes. This figure marked a slight drop from -0.2 percent in March, but an improvement from -0.8 percent in February and -1.1 percent in January.<\/p>\n\n\n\n