Self Storage Data Services Inc., a Los Angeles-based provider of self-storage operating-performance statistics, released its self-storage rental-activity report for January 2010. The company's monthly report tracks current self-storage demand, covering monthly and seasonally adjusted changes in the number of move-ins and move-outs, based on a monthly sample of more than 850,000 tenants in 1,400 self-storage facilities nationwide.
According to the report, storage demand, based on the number of tenants moving into units, was nearly flat in January 2010 compared to January 2009, due in part to weather conditions across the nation. However, the number of tenants who moved in during the three months ending Dec. 31, 2009, was up more than 4 percent compared to the same period the year prior. Total rental activity in January was up 10 percent compared to January 2009. A significant decline in the rate at which tenants moved out in January 2010 demonstrates the need for storage, even in these volatile times, the company said.
The complete Self Storage Performance Quarterly report is available only to subscribers of the and can be downloaded at SSdata.net.