Sales of self-storage properties in the U.S. hit $10 billion in 2022 – outstripping prior years, with the exception of 2021, when a single $3 billion sale in New York pushed the year's total to $12.3 billion. Nationally, transactions involving 73.4 million square feet of space were completed in 2022, and the sector is drawing close attention from REITs and other investors.
"The U.S. self-storage sector demonstrated familiar vigor and confidence in 2022," commented StorageCafe, which produced the report and provides storage unit listings across the U.S.
New York City led the nation with over $565 million in sales generated by 16 transactions involving 1.6 million square feet. The Bronx was the biggest contributor to this total, followed by Brooklyn, Queens and Staten Island, while Westchester County's Mount Vernon also fared well.
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