Yardi Matrix: Leasing Season Expected to Boost Sluggish Self Storage Performance
May 22, 2024
May 22, 2024
SANTA BARBARA, California, May 22 -- Yardi Matrix, a part of Yardi Systems, issued the following news release:
Performance in the self storage sector is still on a downward trajectory. The slowdown in the housing market is leading to weaker demand, the latest Self Storage National Report from Yardi(R) Matrix shows.
The average annualized same store asking rent reached an average of $16.35 nationally last month. That accounts for a 4.5 percent decrease on a year-over-yea . . .
Performance in the self storage sector is still on a downward trajectory. The slowdown in the housing market is leading to weaker demand, the latest Self Storage National Report from Yardi(R) Matrix shows.
The average annualized same store asking rent reached an average of $16.35 nationally last month. That accounts for a 4.5 percent decrease on a year-over-yea . . .