H. Michael Schwartz, Founder and CEO, SmartStop Asset Management

The self storage sector has continuously experienced solid growth since the end of the recession in 2009. In fact, according to a report by Marcus & Millichap, in 2017, the nationwide vacancy rate for self storage remained at a historic low of approximately 10.2%.

The outlook for the self storage sector in 2018 remains upbeat and well positioned for positive performance. What makes this niche so attractive? Below are the three main drivers of demand for the year ahead:

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