SUNNYVALE, CA-Job openings nationwide rose 4.5% month-over-monthand 9.9% year-over-year, according to SimplyHired,a job website. The firm has released its August 2013employment outlook, which found that nationwidejob competition remained at a ratio of three unemployed persons forevery job opening and highlights job-industry and employer trendsin national and regional US markets.

Moreover, the combination of improving job growth and limiteddevelopment in primary markets is boostingself-storage operations and sparkinginvestor demand, according to Marcus &Millichap’s second-quarter self-storage report, whichoffers insights into key self-storage trends, including changes inoccupancy rates, rents and inventory levels, and an assessment ofsales dynamics.

M&M’s report reveals that an influx of tech andmedical-related jobs will experience the most significantself-storage demand as secondary and tertiary markets remain tepiduntil job growth reaches beyond major employment centers. Also,REITs will dominate self-storage investmentactivity as they continue to target high-quality assets, leavingprivate investors with opportunities in secondary markets.