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Self-Storage Rents Rise 20 Percent Nationwide in Q2: Report

The self-storage industry continued its steady pandemic-era boom with asking rents rising a whopping 20 percent in the second quarter compared to the same time as last year, but demand for storage space might be cooling.

The Commercial Observer reported that average asking rents for self-storage facilities in the second quarter stood at $1.35 per square foot for unheated units and $1.47 per square foot for climate-controlled units. Meanwhile, rental income increased 18.5 percent year-over-year.

Commercial Observer


Photo by JOSHUA COLEMAN on Unsplash

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