WealthManagement.com, a website providing investment ideas, insight and analysis to financial advisors and planners, has published a gallery examining the “Top 20 Markets for Self-Storage Construction.” The digital publication ranks the U.S. markets that added the most self-storage square footage between 2013 and 2022 and reveals the total available inventory for each. The list was compiled using data from StorageCafe, a national marketplace powered by Yardi Matrix, the self-storage data-services platform offered by management-software provider Yardi Systems Inc.

The top five markets in the list were Atlanta, Georgia; Houston, Texas; Raleigh, North Carolina; Irvine, California; and Plano, Texas. Atlanta ranked first with 670,767 square feet added during the nine-year period.

“While this is a tumultuous time for commercial real estate investors as they try to grapple with rising interest rates and a potential economic downturn, the self-storage sector continues to be viewed as an attractive investment,” the gallery states. “The number of self-storage users in the U.S. has continued to increase and, similar to multi-family, industrial and grocery-anchored shopping centers, self-storage properties are the kinds of assets that continue to be in demand even in downturns.”

WealthManagement.com is part of an information-resources network that also includes “National Real Estate Investor” and “Trusts & Estates.” It’s owned by Informa USA Inc., an affiliate of Informa Markets, the parent company of Inside Self-Storage. Both are trading divisions of U.K.-based Informa PLC.

Source: WealthManagement.com, Top 20 Markets for Self-Storage Construction