Self-Storage has often been considered one of the most stable commercial real estate asset classes. How has the industry group performed in recent years and what's being projected now?
"Self-Storage Investor Survey Points to Continued Confidence in Pricing and Performance Outlook Sentiment for self-storage assets is largely optimistic as record-low vacancy and rising property values bolster investor confidence. Over 400 market participants offered their perspective on where they think the industry is headed over the next 12 months including insights on a host of trends impacting the industry."
"I'm bullish on storage. The self-storage industry has all the right signs pointing towards a strong 2022...The average price per square foot for the first week of January 2021 was $1.36. A year later, the average price per square foot for the first week of January 2022 was $1.65. This is over a 21% increase. A great sign that the self-storage industry is still powering into 2022."
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