{"id":9400,"date":"2025-08-27T12:04:00","date_gmt":"2025-08-27T12:04:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9400"},"modified":"2025-09-29T12:22:18","modified_gmt":"2025-09-29T12:22:18","slug":"self-storage-market-outlook-august-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-august-2025\/","title":{"rendered":"Self Storage Market Outlook \u2013 August 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/self-storage-market-outlook\/\">Self Storage Market Outlook<\/a><\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p><em>In July, the advertised street rate remained flat and the national pipeline dropped month-over-month.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways-nbsp\">Key takeaways&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As of July, rent movement stayed flat year-over-year, with the average asking rent per square foot of $16.91 for the combined mix of unit sizes and types.\u202f&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Same-store advertised asking rates for the combined non-climate-controlled units were down 40 basis points year-over-year, while rates for climate-controlled units rose 50 basis points.\u202f&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The national under-construction pipeline totaled 53 million square feet, or 2.7 percent of existing inventory as of July, down 10 basis points from June\u2019s figure.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operators expect the recovery to continue amid fewer deliveries and other tailwinds.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overall-market-shows-signs-of-stabilization-nbsp\">Overall market shows signs of stabilization&nbsp;<\/h2>\n\n\n\n<p>In July, the national average annualized same-store advertised asking rate per square foot was $16.91 for the combined mix of units and sizes, same as June and marking an improvement from -0.4 percent in May.&nbsp;<\/p>\n\n\n\n<p><iframe title=\"Year-Over-Year Rent Change for Main Unit Sizes\" aria-label=\"Table\" id=\"datawrapper-chart-CIXxh\" src=\"https:\/\/datawrapper.dwcdn.net\/CIXxh\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"450\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}(); \n\n<\/script>  <\/p>\n\n\n\n<p>Rates for combined non-climate-controlled units dropped 0.4 percent year-over-year as of July, same as in June but showing improvement from -0.7 percent in May. The same metric for climate-controlled units rose 0.5 percent year-over-year, consistent with June and marking consistent headway from the 0.2 percent drop in May.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Year-over-year, rates were up in 11 of the top 30 metros for non-climate-controlled units. Meanwhile, 20 of the top 30 markets were positive for climate-controlled units.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pace-of-development-mainly-steady-nbsp\">Pace of development mainly steady&nbsp;<\/h2>\n\n\n\n<p>Yardi Matrix tracks a total of 3,043 self storage properties in various stages of development across the U.S. This includes 703 projects under construction, 1,944 planned and 396 prospective properties. As of July, the under-construction pipeline accounted for 2.7 percent of the total stock, reflecting a 10-basis-point decrease from the previous month.\u202f&nbsp;<\/p>\n\n\n\n<p>Nationally, there were 53.0 million net rentable square feet under construction as of July.\u202f Out of Yardi\u2019s top 30 metros, half had under-construction supply levels above the national average, particularly in the Sun Belt.&nbsp;<\/p>\n\n\n\n<p>New supply over the past three years accounted for 9.3 percent of existing stock.\u202f During the past 12 months, national deliveries equaled 2.8 percent. Las Vegas (6.6 percent), Phoenix (5.9 percent) and Orlando (5.5 percent) continue to lead nationally for under-construction supply by percentage of existing inventory. In fact, the large majority of metros at the top are from the Sun Belt. Meanwhile, several California metros close the list: San Diego (1.0 percent), San Jose (0.5 percent) and San Francisco (0.3 percent).&nbsp;&nbsp;<\/p>\n\n\n\n<p>Read the full Yardi Matrix National Self Storage Market Outlook:<strong> <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/File\/7654-MatrixSelfStorageNationalReport-August2025\" target=\"_blank\" rel=\"noreferrer noopener\">August 2025<\/a><\/strong>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In July, the advertised street rate remained flat and the national pipeline dropped month-over-month. Key takeaways&nbsp; Overall market shows signs of stabilization&nbsp; In July, the national average annualized same-store advertised asking rate per square foot was $16.91 for the combined mix of units and sizes, same as June and marking an improvement from -0.4 percent [&hellip;]<\/p>\n","protected":false},"author":3619,"featured_media":9262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,21],"tags":[307],"class_list":["post-9400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends","category-self-storage-market","tag-self-storage-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Self Storage Market Outlook \u2013 August 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"In July, the advertised street rate remained flat and the national pipeline dropped month-over-month, according to Yardi Matrix data.\" \/>\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-market-outlook-august-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self Storage Market Outlook \u2013 August 2025\" \/>\n<meta property=\"og:description\" content=\"In July, the advertised street rate remained flat and the national pipeline dropped month-over-month, according to Yardi Matrix data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/self-storage-market-outlook-august-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-27T12:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-29T12:22:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/iStock-2195731448-Yardi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maria Maruta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Self Storage Market Outlook \u2013 August 2025 - 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Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com","url":"https:\/\/www.yardimatrix.com\/blog\/author\/maria-maruta\/"}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/iStock-2195731448-Yardi.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/3619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=9400"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9400\/revisions"}],"predecessor-version":[{"id":9403,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9400\/revisions\/9403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/9262"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=9400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=9400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=9400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}