Monday Morning Quarterback (02/22/2021)

Street Rates Continue to Accelerate: On Tuesday, Yardi published its national, monthly self-storage report for January. Yardi reported that street rates for 10×10 Non-CC units rose by 3.5% year-over-year (y/y), its fifth consecutive month. Furthermore, 10×10 CC unit street rates grew y/y for the fourth straight month, increasing by +2.3% y/y. Before autumn of 2020, […]

Self-Storage Companies to Add 43.6M SF of Space in 2021

Commercial Observer

Monday Morning Quarterback (02/15/2021)

CPI Inflation & Outlook On Wednesday, the U.S. Department of Labor reported that both the headline Consumer Price Index (CPI) and Core CPI, which excludes volatile food and energy costs, rose by 1.4% over the last 12 months – well below the Fed’s target of 2%. In January, the indices reflected weak price inflation for […]

Monday Morning Quarterback (02/8/2021)

Self-Storage Performance in 2020 Over the past decade, self-storage has done $6-$8.5 billion in “arms-length transactions” a year. At the start of the coronavirus pandemic in March 2020, normal self-storage operations were delayed, as many facilities experienced low customer activity due to shelter-in-place orders. Like many other real estate asset classes, 2Q20 was the worst […]

Self Storage REIT Industry Report 4Q 2020

Monday Morning Quarterback (02/1/2021)

4Q20 GDP On Thursday, the Bureau of Economic Analysis reported that U.S. GDP increased at a seasonally adjusted annual rate of +4% during the fourth quarter. Despite a strong rebound in the back-half of 2020 (GDP rose a record +33% y/y during the third quarter), the United States’ economy contracted by -3.5% from 2019, the […]