Marcus & Millichap, a commercial property-investment firm serving the self-storage industry, has released a self-storage investment forecast report for the first half of 2017. The 57-page digital publication offers analytical insight to the sector on a national, regional and local level. Titled “2017 U.S. Self-Storage Midyear Outlook,” the report is produced by the firm’s National Self-Storage Group and released through its research-services division.
“The self-storage industry downshifts from a pace of rampant expansion to a more moderate, sustainable growth trajectory,” the report states. “The underlying demand for storage continues to strengthen; however, mounting supply pressures are a growing concern. Though new supply has not been enough to overwhelm pent-up demand, construction may have a greater impact as we move further in the development cycle.”
The report includes:
- Industry investment trends
- An overview of operating performance, nationally and by region
- Key factors driving self-storage use
- An outlook for product demand
- A forecast for occupancy
- A regional overview of real estate transactions
- Graphics and summaries on demographic trends, rentals and vacancies in 43 markets
Marcus & Millichap produces more than 2,000 research products each year, according to company officials. Its research-services department offers a range of publications, from national economic perspectives to market-specific analyses. The company website enables users to search for reports by property type, location or keyword.
Founded in 1971, Marcus & Millichap is a commercial property-investment firm with more than 1,700 investment professionals in offices throughout Canada and the United States. The firm closed nearly 9,000 transactions in 2016 with a value of approximately $42.3 billion.