Yardi says 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. However, many of their top 30 metros are showing signs of stabilization, with advertised rates increasing in February.
While markets in the Northeast, Midwest and West show signs of stabilization, Sun Belt
regions struggle with weak home sales and oversupply.
The Yardi Matrix tracks a total of 3,153 self storage properties in various stages of development, including 740 under construction, 1,989 planned and 424 prospective properties.
Click here to read the full report at Yardi.
