{"id":9652,"date":"2025-11-19T09:53:13","date_gmt":"2025-11-19T09:53:13","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9652"},"modified":"2025-11-20T12:18:26","modified_gmt":"2025-11-20T12:18:26","slug":"flat-q3-us-self-storage-sector-performance","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/flat-q3-us-self-storage-sector-performance\/","title":{"rendered":"Yardi Matrix Reports Flat Q3 U.S. Self Storage Sector Performance"},"content":{"rendered":"\n

Occupancy softened and revenue fell as expenses pressured margins<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., Nov. 19, 2025<\/strong> \u2013 Slower move-in activity and mounting expenses combined to drive U.S. self storage REIT same-store occupancy, revenue and net operating income down in the third quarter of 2025.<\/p>\n\n\n\n

New Yardi\u00ae<\/sup> Matrix research<\/a> documents that revenue (down 70 basis points, to 90.2%), weighted-average revenue (-0.6%) and NOI (-2.4%) decelerated from Q2 levels. Elevated expenses, especially higher property taxes, continued to pressure margins, and net move-ins\/outs as a share of units dropped to a five-year low.<\/p>\n\n\n\n

However, street rates are rising again, as year-over-year move-in rates outpaced move-out rates for the first time in this cycle. October\u2019s year-over-year national asking rate increase signaled a moderate continuation of momentum that had built since August. And strong multifamily demand in some metros, including Philadelphia, Detroit and Tampa, Fla., mitigated elevated self storage supply levels.<\/p>\n\n\n\n

But with realized rents remaining flat year-over-year, \u201coperators will need to narrow the spread between street and in-place rents to avoid revenue dilation as turnover increases,\u201d Yardi Matrix says in a new national report.<\/p>\n\n\n\n

Get the complete self storage supply and rent recap in the Yardi Matrix\u00a0National Self Storage Report<\/a>\u00a0for November 2025.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, single-family rentals\/build to rent, affordable housing, student housing, self storage, office, industrial, retail and vacant land property types. Email\u00a0matrix@yardi.com<\/a>, call\u00a0(480) 663-1149<\/a>\u00a0or visit\u00a0yardimatrix.com<\/a>\u00a0to learn more.<\/p>\n\n\n\n

About Yardi<\/strong>
Yardi\u00ae<\/sup> develops industry-leading software for all types and sizes of real estate companies across the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Occupancy softened and revenue fell as expenses pressured margins SANTA BARBARA, Calif., Nov. 19, 2025 \u2013 Slower move-in activity and mounting expenses combined to drive U.S. self storage REIT same-store occupancy, revenue and net operating income down in the third quarter of 2025. New Yardi\u00ae Matrix research documents that revenue (down 70 basis points, to 90.2%), weighted-average revenue (-0.6%) […]<\/p>\n","protected":false},"author":3865,"featured_media":9657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[307],"class_list":["post-9652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-self-storage-outlook"],"yoast_head":"\nYardi Matrix Reports Flat Q3 U.S. Self Storage Sector Performance - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Occupancy softened and revenue fell as expenses pressured margins, according to the latest Yardi Matrix market data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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