Self-Storage On Track For Strong 2022, But Headwinds Remain

Self-storage is still enjoying a strong year despite increasing headwinds overall including normalizing social behaviors and demand drivers.

According to a new analysis from Marcus & Millichap, the average asking rent for a standard 10-by-10 unit in June was up 15% compared to year-end 2019, while vacancy contracted over the same period by 190 basis points to 6.6%.

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