Market Conditions

While self-storage rental rates in New York state continue to trend upward, prices in New York City (NYC) dropped 9.8 percent from 2016 to 2017. The average monthly rental rate in NYC fell to $107.91 last year after peaking at $119.71 in 2016...

Though the Raleigh, N.C., Metropolitan Statistical Area (MSA) ranks No. 42 in the United States in number of self-storage facilities, it has the industry’s fastest growth rate of supply among the nation’s top 50 MSAs. In the next year...

As self-storage development in Australia picks up steam, some observers are advocating for greater restraint from builders, investors and municipalities. Sam Kennard, managing director of Kennards Self Storage, which operates more than 85...

It’s no secret that Canada is experiencing a real estate boom, and the country’s self-storage sector is no exception. The industry is experiencing a growth surge, but there are also significant obstacles to entry for investors and...

StorTrack, a division of 365 Media Inc. that offers competitor-pricing data, market-analysis tools and first-stage due diligence to the self-storage industry, has added several new components to its InSite Market Reports.

Despite high property prices, new self-storage projects continue to spring up across Australia. The managing director of the Kennards Self Storage brand questions whether overbuilding is on the horizon and offers a performance overview of existing...