Self-Storage Supply Tightens

Self-Storage Supply Tightens

The demand and supply curve for self-storage properties will separate further in 2014, with more than a million new households created in the U.S., but only half the number of storage units planned for completion this year compared to 2013.

Last year, developers in the self-storage sector had a surge of activity, delivering about three million sq. ft. of space to the market. This year, however, they will add only 1.7 million sq. ft., totaling 21 new self-storage f

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