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
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.