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Investors Flock to Self-Storage as $3B in Sales Mark 2024 Boom

Investors targeted a mix of high-growth metros and expanding suburban markets,

By Philippa Maister | April 07, 2025 at 02:52 AM

Investors in search of steady cash flow and assets that perform well under various market conditions are turning to self-storage facilities. In 2024 alone, they poured $3 billion into new acquisitions, and the trend appears to be continuing in 2025.

In total, 822 properties containing more than 51 million square feet changed hands in 2024, amounting to 2% of total U.S. inventory, according to a new report from StorageCafe. Large transactions took place in 49 cities. The average sale price was $108 per square foot, but among market-leading cities it was far higher, reaching $389 in Queens, NY, for example.

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