To assist its clients in formulating investment strategies for the months ahead, Marcus & Millichap Research Services has released its First Half 2011 National Self-Storage Report, which provides insight into key regional self-storage trends. The report addresses changes in occupancy rates, rents and inventory levels, and provides an assessment of sales dynamics. Observances and predictions outlined in the report include:
- As employment growth gains momentum in the coming year, the recovery of self-storage operations will begin to gather steam, generating new acquisition opportunities.
- Migrating jobseekers will fuel demand for self-storage units in high-employment-growth markets and the few Sun Belt metros that do not face significant housing and self-storage supply overhangs.
- Bank selloffs of REO assets, along with improved financing availability for smaller, stabilized properties, will also fuel investment prospects as the market regains its footing.
Marcus & Millichap Research Services is a division of Marcus & Millichap Real Estate Investment Services, a commercial real estate investment services firm. As a service to its clients, Marcus & Millichap provides research reports through the Research Services page of MarcusMillichap.com. Additional information on a particular self-storage market can be had by contacting a local office and speaking with one of the company’s investment specialists.