Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Ben Doherty Doherty says Crow focuses on the event-driven nature of self storage.

DALLAS—A vacancy contraction of 100 basis points to 10.4% this year will leave the Southwest region poised to achieve a 3.4% increase in climate-controlled rents, according to a Marcus & Millichap self-storage report. Additionally, non-climate-controlled facilities’ average asking rent climbed 3.9% in 2016. Average asking rent increased 1.4% to $1.42 per square foot in the last four quarters among climate-controlled space and 4.5% to $1.10 per square foot at non-climate-controlled facilities. The vacancy rate continued its downward trend last year, falling 70 basis points annually as job growth intensified in the metro, GlobeSt.com learns.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.