Self Storage Industry Trends In 2024 Multi Housing News Irrespective of how the economy performs, the 2024 outlook for the self storage sector remains optimistic for the vast majority of players. while the high cost of capital will continue to be an. According to the yardi matrix forecast in the 2024 third quarter update, deliveries declined by 9.4 percent in 2024 from 2023. download the latest yardi matrix self storage report. six out of the.
Self Storage Industry Trends In 2024 Multi Housing News January 30, 2024. self storage national. street rates were up in 19 of 31 top metros, the latest yardi matrix report shows. image by steverts istockphoto . street rates remained negative on an. The below trends (both current and emerging) are shaping the future of the self storage industry in 2024 and beyond: increased adoption of self storage websites. more efficient budgeting via self storage software. heightened data security to protect customer data. increased use of cloud storage services. The self storage industry growth projections at a compound annual growth rate (cagr) of 7.53% between 2022 and 2027 and expected to hit $83.6 billion by the end of 2027. the north american market is projected to contribute the most significant chunk of this figure 1. despite the current economy, the self storage market continues to look promising. Self storage. industry trends. regularly updated market data and statistics (july 2024) 1.9b sq. ft. of self storage space in the u.s. 55.3m sq. ft. delivered in 2023. 59.6m sq. ft. expected to be delivered in 2024. $121 avg. self storage street rate for 10x10 unit. 1 in 5 americans use self storage.
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