Equity Enters Self Storage as Rents, Occupancy Skyrockets

Equity Enters Self Storage as Rents, Occupancy Skyrockets

Self-storage properties are seeing record-high occupancies and rents, in a commercial submarket that seemed to pass through the recession stronger than ever.

There are about 50,000 self-storage facilities in the United States, according to Self Storage Association. Most of these are owned by small firms. REITs own some large portfolios, but control only about 10 percent of the total supply. Chicago-based MJ Partners Real Estate Services tracks self stoarge REITs

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