Commercial property-investment firm Marcus & Millichap has released its “2016 U.S. Self-Storage Investment Forecast.” The 58-page report offers analytical insight to the sector on a national, regional and local-market level.

“The outlook for self-storage facilities in 2016 remains strong as broader economic momentum supports household formation and consumption—both positive demand drivers for these properties,” wrote report authors Richard Baird, first vice president and national director, and John Chang, first vice president of research services. “The sector has also benefited from limited construction, but leading indicators point to additional development in the coming year.”

The national overview examines industry trends in investment and operating performance, while also providing outlooks for 2016 on expected demand for climate-controlled and traditional units as well a forecast on occupancy. It also covers key factors driving self-storage use including job growth and industry capitalization (cap) rates compared to the 10-year Treasury average.

Regional breakdowns offer geographic overviews for the Midwest, Northeast, South Atlantic, Southwest and West. Summaries for each region are accompanied by chart information highlighting trends in operational performance (rent per square feet and vacancies) and real estate (average price per square foot and cap rates). Each region also lists some self-storage specific real estate transactions.

The report also includes graphics and brief summaries examining trends related to demographics, housing, self-storage rentals and vacancies in 43 individual markets.

The PDF report may be downloaded for free by users who register with the company’s website.

Marcus & Millichap produces more than 2,000 research products each year, officials have said. The Research Services department offers a range of publications, from national economic perspectives to property-type-specific analyses at the market level. The company website enables users to search for reports by multi-family and commercial property type, as well as by location and keyword.

Marcus & Millichap has more than 1,500 investment professionals in offices throughout the United States and Canada. The company closed more than 8,700 transactions in 2015 with a value of approximately $37.8 billion.

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