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R. Christian Sonne of CBRE Sonne says self-storage cap rates are likely to keep on compressing.

BOSTON—Cap rates in the self-storage space continue to compress as spreads widen compared to 10-year Treasuries, according to a Self Storage Investor Survey released by CBRE’s Valuation & Advisory Services. The survey comes a few days after Marcus & Millichap forecast increasing consumer demand for self-storage facilities, despite an accelerated pace of new construction.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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