Self-storage development activity has continued to slow and is expected to drop to 2% of inventory by 2027 and 1.5% of inventory through 2030. This is according to Yardi Matrix’s latest self-storage report and forecast.Full-year construction starts are on pace to contract by 20% compared to 2023, and the deceleration in starts has begun to show up in the under-construction pipeline, which contracted by 1.8% during the fourth quarter, according to Yardi Matrix. On an annual basis, the under-construction pipeline has declined by 6.7% after peaking in December 2023, and Yardi Matrix said most of the current under-construction pipeline will be completed this year or by early 2026...
RSK: I still think self storage will be a good investment....construction is slowing so supply and demand will take over.
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- - Volume: 25 - WEEK: 12 Date: 3/18/2025 1:08:38 PM -