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Is Self-Storage Demand Waning? Operators Discuss a Slowdown in New Rentals

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The self-storage industry enjoyed an extremely robust 2022, with occupancy and rental rates sky-high at many facilities. But now market competition is at a peak. New facilities are popping up in almost every market, and investors continue to level the playing field for older properties by in investing in value-add upgrades. Add to that, many consumers are struggling financially. This is potentially creating a perfect storm in which future demand may wane. What do you think? Will there be a slowdown in 2023? Jump into this conversation on the Self-Storage Talk online community to share your opinion.

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