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Analysis

Self-Storage Winning Streak Expected to Continue in 2022

Though rent growth has moderated, none of the metros Yardi tracks has seen negative street rate growth for either unit type.

By Lynn Pollack | February 07, 2022 at 07:23 AM

The self-storage sector became an investor darling in 2021 thanks to strong rent growth and high occupancy rates driven in part by changing consumer trends, and 2022 is on track to be another banner year.

The rate growth for 10×10 non-climate controlled units hit 8.5% last year, according to Yardi Matrix, and while similarly dizzying rates are not likely this year, the firm still predicts strong growth in 2022. National street rates for similar units remained at 6.7% growth in December, while rates for climate controlled units fell to 7.4%.

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