Moody's expects to see the supply of new stock in self-storage consistently decrease as the industry expands over the next several years and the vacancy rate to follow suit. 

The vacancy rate is expected to reach 11.5% by 2025 and 10.1% by the end of the 10-year forecast in 2030. 

In light of strong results in the first three-fourths of this year, 10×10 climate-controlled rents are projected to end 2021 by growing to 8%, implying the possibility of a slow-down in growth in the final quarter of the year.

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