Research Reports
Explore data-driven research on real estate, housing, self storage, moving trends and economic forces shaping today’s markets.
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.
The Most Popular Items People Put In Self Storage, State By State
Self storage remains a popular service for Americans — about a third of the respondents of a recent survey said they are using self storage, or have used it in the past, and an additional 11% are planning to use it in the future. The industry saw tremendous growth in recent years — currently, there are over 1.4 billion square feet of storage space in the US, according to Yardi Matrix. About 190 million square feet, or 13% of that, were built over the past five years alone.
Online Solutions, Perks Help Honolulu Self Storage Navigate New Market Challenges
Honolulu is the most expensive city for self storage among the country’s top 100 largest cities. The monthly street rate for a non-climate controlled, 10×10 storage unit in Honolulu hovers around $276, more than double the national average for the same type of unit. According to the latest National Self Storage Report from Yardi Matrix, national street rates for standard 10×10 storage units sit at $116 per month.
Online Procedures And Fewer Vacates Keep San Diego Self Storage Buoyant
San Diego boasts not only a great climate and the world’s largest naval fleet, but its diverse and advanced industries keep the economy comparatively buoyant. Anyone moving here to take advantage of this — and San Diegans who want to maximize their lifestyles — can benefit particularly from the self storage in the city, so we talked to a local provider to see how they can help.