Research Reports
Explore data-driven research on real estate, housing, self storage, moving trends and economic forces shaping today’s markets.
Urban Living Upstages Suburbia Even In Pandemic Year: LA, NYC Stand Out As Top Cities For Renter Interest
The rental market experienced significant disruptions last year, mostly due to the global health crisis, which caused changes in both lifestyle and housing preferences. Amid health, affordability, and employment concerns, 18% more renters changed residences in 2020 compared to 2019. According to our recent analysis of approx. 1.7 million renter applications, 69% of renters looked for housing in the same state, with the remaining 31% eyeing a different state for their new home.
2020 Self Storage Facility Sales Activity: Sales Slightly Down But Prices Still Rising
Like other real estate sectors, the US self storage industry experienced the ups and downs of 2020. However, by year end, it eventually proved that the reputation it had built for itself during the last recession as a resilient sector is still valid. Adjustments indeed had to be made, with both concessions and extra safety measures adopted by most operators to ensure close-to-normal operations. But demand continued to be strong, emerging from both traditional sources associated with life-altering events like moving and downsizing as well as new ones such as businesses which needed to re-organize work environments. This allowed the industry to ride out the pandemic-induced challenges better than most.
Tallahassee’s Self Storage Street Rates Among the Lowest In Florida
The self storage industry ended 2020 on an upward trend, showing more resilience than other real estate sectors in the face of pandemic-induced challenges. The national average street rate for a 10×10, non-climate-controlled unit stood at $118 this January, as Yardi Matrix data shows, representing a 4% growth year-over-year.
Yardi Launches Far-Reaching Rental Assistance Software Aimed At Helping Those Struggling Due To Coronavirus
Housing agencies across the country are currently involved in an unprecedented effort to provide federal emergency rental assistance to millions of struggling renters and landlords. The initial $25 billion COVID-19 relief program for renters is expected to get additional funding from Congress as the global health crisis continues to weigh heavily on the economy.
Boca Raton, Florida, Takes The Crown As Best 2021 Snowbird Destination
Millions of Americans and Canadians are heading south every year for a few months, in a quest to escape the harsh winters and bitter colds of America’s northern regions. Commonly known as snowbirds, they’re part of a long tradition – people started moving south for the winter back in the 19th century, with influential Americans such as Thomas Edison and Henry Ford maintaining winter homes in Fort Myers, Florida. Seasonal migrants are part of the engine that augments the economies of the Sun Belt and the Southern states and have become staples of local communities in places like Mesa and Yuma in Arizona and Clearwater in Florida.
How Much Does Self Storage Really Cost? A Breakdown By States And Cities
The self storage industry continues to expand in the United States, answering customers’ needs for safe and affordable storage space. Yardi Matrix data shows that there are currently about 1.4 billion square feet of self storage space in the US, and about 190 million square feet, or around 13%, were built over the last five years alone.
Self Storage Done Properly Is Doing Fantastic, Says Industry Professional
The year we just ended was complicated and challenging for the entire society, people and businesses alike. Some sectors of the economy were more affected by the pandemic than others, particularly those in hospitality, tourism, and other service industries. Real estate, on the other hand, managed to navigate last year better than most economic sectors, with self storage emerging as one of the most resilient industries in the real estate world.
Texans Get Some Of USA’s Best Self Storage Deals — Only Nevadans & Utahns Get More Square Feet Each
Texas is bigger and bolder than the rest of the country and has a generous self storage sector to match — its large cities offer more square feet of storage space than almost anywhere else. And in addition to helping Texans enjoy their lifestyles to the max, the industry steps up to the plate in challenging times. This enhances its reputation for being both a valuable service and a worthwhile investment opportunity.
San Antonio’s Self Storage Sector: Competitive And Plenty Of Customers
San Antonio, Texas, supports its residents with a strong self storage sector that steps up whether they are in the process of moving or simply need a place to store excess possessions. It has adapted to changing circumstances and needs, maintaining a strong client base, and its competitiveness helps keep street rates attractive for renters.