Street rates for self-storage units decelerated in November but remain 10% higher than pre-pandemic levels, as occupancy remains high and operators move rents higher for existing customers, according to recent research from Yardi.

The overall average national street rate, which includes all unit sizes for both non-climate-controlled and climate-controlled units Yardi tracks, clocked in at $142 in November, the lowest level in 17 months. Larger units performed the best, however, and boosted the overall average. Non-climate controlled 10×10 units' street rates increased year over year in 11 of the top 31 metros Yardi tracked in November. Meanwhile for 10×10 climate controlled units, just five of the top 31 had positive growth.

And 84% of Yardi Matrix's top 31 metros posted a month-over-month decrease in street rates for 10×10 units in November, with street rates for 10×10 units combined dropping by $2 in 10 markets and $3 in another four markets on a monthly basis, led by Philadelphia with a $4 drop from October to November.