PricewaterhouseCoopers has released the Korpacz Real Estate Investor Survey for the first half of 2010, containing an article titled, "Domestic Self-Storage Market: A Return to 7.25% Overall Cap Rates?" Written by R. Christian Sonne, managing director of Cushman & Wakefield’s Self Storage Industry Group, the article discusses the return of equity to the self-storage asset class and the downward movement of industry cap rates.
The Investor Survey is conducted primarily through phone interviews with self-storage investors, owners, developers, managers, brokers and bankers throughout the United States. Respondents represent more than 100 million square feet of self-storage property. The data collected highlights key information relating to general market conditions for self-storage including capitalization rates, financing, an optimism index and other current information for the asset class.
To access a PDF of the article, visit www.selfstorageeconomics.com/investorsurvey.htm.