Self storage The DFW self-storage space inventory consists of more than 62.7 million square feet (credit: Steve Johnson).

DALLAS—Heavily favored by developers for years, self-storage construction has ramped up across the country with some markets becoming increasingly competitive and saturated. In recent years, the self-storage building spree in Texas was driven by the massive numbers of Americans relocating to the Sunbelt cities, Baby Boomer downsizing or the renter lifestyle of Millennials, who either by preference or necessity require extra space.

StorageCafe's recent study focused on the dynamics of individual markets and the impact on self-storage developments. According to Yardi Matrix's analysis, DFW is the third most active market and its self-storage supply flood took a serious toll on rents. Here's why:

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.