Moody's expects to see the supply of new stock in self-storage consistently decrease as the industry expands over the next several years and the vacancy rate to follow suit.
The vacancy rate is expected to reach 11.5% by 2025 and 10.1% by the end of the 10-year forecast in 2030.
In light of strong results in the first three-fourths of this year, 10×10 climate-controlled rents are projected to end 2021 by growing to 8%, implying the possibility of a slow-down in growth in the final quarter of the year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
