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Self Storage National Reports
Information is developed through a combination of original research studies, and reference to secondary sources. Our manner of resourcing and compiling information is defined within this section.
Self Storage National Reports
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Matrix Self Storage National Report – July 2026
Advertised rates rose across 29 of the top 30 metros month-over-month in June, but annual growth remained negative as recent supply continued to shape performance across metros.
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Matrix Self Storage National Report-June 2026
New supply continues to limit rent growth, especially in Sun Belt markets where recent deliveries remain elevated.
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Matrix Self Storage National Report-May 2026
Advertised rates ticked up month-over-month, but elevated supply continued to pressure annual growth in some markets.
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Matrix Self Storage National Report-April 2026
Annual rate growth turned negative across all top metros in March as soft demand and elevated supply continue to pressure pricing nationwide.
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Matrix Self Storage National Report-March 2026
Self storage REIT results show modest Q4 stabilization, but demand remains soft and local recovery is supply driven. Slowing demand has stalled rate momentum, with national advertised rents down 1.1% year-over-year in February as the sector enters 2026 with caution.
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Matrix Self Storage National Report-February 2026
National advertised rates slipped 0.2% year-over-year in January as slowing migration, softer demand and ongoing development weigh on performance. Midwest markets outperformed, while Sun Belt metros faced continued pressure.
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Matrix Self Storage National Report-January 2026
With demand constrained and rent growth moderating, self storage enters 2026 on careful footing. Performance is diverging by metro, favoring markets with limited supply and improving housing conditions.
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Matrix Self Storage National Report-December 2025
Investment activity strengthened in 2025, even as rent growth cooled and supply continues to weigh on performance.
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Matrix Self Storage National Report-November 2025
Self storage REIT performance softened in Q3 as occupancy fell and expenses climbed. However, street rents are showing early signs of recovery, with national advertised rates rising 0.7% year-over-year in October.
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Matrix Self Storage National Report-October 2025
Self storage rates rose 0.9% year-over-year in September, signaling a potential turning point. REITs led the charge, while new-supply pressures continue to shape metro-level performance.
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Matrix Self Storage National Report-September 2025
After a volatile period, the self storage sector is positioned for gradual recovery and long-term growth. Rent growth is returning, supply pipelines are adjusting and demand remains resilient.
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Matrix Self Storage National Report-August 2025
Asking rates and demand continued to normalize in July. Regional disparities and supply pressures persist, but fewer new deliveries and improving rate performance hint at a slow rebound ahead.
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Matrix Self Storage National Report-July 2025
Despite U.S.-wide volatility, more localized strength—especially in the Midwest—supports a trend toward stabilization in self storage. While signs of recovery are just emerging, rate growth, supply shifts and investor sentiment suggest cautious optimism.
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Matrix Self Storage National Report-June 2025
Self storage national advertised rates continued to slow in May, down 0.5% year-over-year. Development activity held steady, while demand patterns shifted across top metros.
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Matrix Self Storage National Report-May 2025
Self storage REITs reported mixed Q1 2025 results, with flat but improving same-store performance. Despite challenges, REITs are optimistic about returning to normalized performance later in 2025. Advertised rates are expected to improve month-over-month during spring and summer, with stable or better year-over-year growth.
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Matrix Self Storage National Report-April 2025
Advertised rate declines have eased since late 2024, and rate growth continues to improve in 2025. The early leasing season shows better performance compared to the past two years, leading to an earlier-than-expected return to nearly flat year-over-year rate growth.
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Matrix Self Storage National Report-March 2025
The latest results for Q4 2024 reveal ongoing challenges for self storage REITs, with a 1% drop in revenue driven by lower occupancy and rates. But many of Yardi Matrix's top 30 metros are showing signs of stabilization, with advertised rates increasing in February.
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Matrix Self Storage National Report-February 2025
While annual advertised rates have been dropping at the national level for 28 months, the rate of decline has slowed, and quite a few top metros actually saw advertised rates increase year-over-year in January. The pace of decline is expected to continue slowing in the first half of 2025 as supply pressures ease.
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Matrix Self Storage National Report-January 2025
While occupancy appears to have stabilized and rent growth is improving, these tendencies vary by market. There is still uncertainty about when demand, particularly from home sales, will rebound from its long-term low. Read about this and more in the Yardi Matrix January 2025 National Self Storage Report.
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Matrix Self Storage National Report-December 2024
As anticipated, advertised rate performance continued to see improvements in November, especially compared to aggressive rent drops at the end of last year. While advertised rates do continue to decrease year-over-year, the declines in growth have lessened nationwide and in most of the Yardi Matrix top 30 metros.
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Matrix Self Storage National Report-November 2024
Faced with weakened demand fundamentals, particularly due to the housing market, the self storage REITs reported negative occupancy and revenue growth for Q3 2024. While advertised rates are declining month-over-month going into the slower winter season, however, advertised rate growth year-over-year continues to improve compared to the aggressive rent drops at the end of last year. That should continue into 2025.
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Matrix Self Storage National Report-October 2024
While fundamentals and advertised rates remain weak, the self storage industry is cautiously optimistic, thanks to some positive movement. September’s interest rate cut has led to more certainty in the investment market, while REIT occupancy has flattened.
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Matrix Self Storage National Report-September 2024
The self storage industry has mixed feelings on where performance is heading in the second half. Operators are pessimistic about 2024 results, given a shorter- and weaker-than-usual summer leasing season, while brokers and investors feel confident deal flow will pick up as performance finds a bottom and interest rates come down.
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Matrix Self Storage National Report-August 2024
REIT results for Q2 2024 are in, and self storage growth has continued to decelerate, driven by reduced occupancy and persistently lower advertised rates. Moving into the second half, advertised rates started their seasonal decline one month earlier than usual, although year-over-year rates show improvement.