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Job Gains Up 9% As Self-Storage Spikes

SUNNYVALE, CA-An increase in job openings in 50 major metro areas plays a role in raising self-storage-facility occupancy nationwide.

By Carrie Rossenfeld | Updated on August 06, 2012

SUNNYVALE, CA-Job openings nationwide rose 4.5% month-over-month and 9.9% year-over-year, according to SimplyHired, a job website. The firm has released its August 2013 employment outlook, which found that nationwide job competition remained at a ratio of three unemployed persons for every job opening and highlights job-industry and employer trends in national and regional US markets.

Moreover, the combination of improving job growth and limited development in primary markets is boosting self-storage operations and sparking investor demand, according to Marcus & Millichap’s second-quarter self-storage report, which offers insights into key self-storage trends, including changes in occupancy rates, rents and inventory levels, and an assessment of sales dynamics.

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