Las Vegas Emerges as the Hottest Self Storage Market in the U.S. in Terms of Rent Growth
Self-storage street rates fell quite steeply this summer in most of the major metros in the US, with one glaring exception – Las Vegas. Not only did self-storage rent not decrease in Las Vegas area, but it actually saw double-digit growth in some cases.
Self-Storage Still a Hot Commodity in Las Vegas
The average national street rate for a 10X10 non-climate controlled (non-CC) storage unit dropped by 3 percent in July 2019, compared to the same month of 2018, according to Yardi Matrix. However, during the same period, street rates for the same type of storage unit in Las Vegas grew by no less than 5%.
Moreover, the rates for smaller units (5X5), both CC and non-CC, increased by 10% year-over-year. This newfound appetite for Las Vegas self-storage is very much connected to the shifting dynamics of the city. Its profile has been changing in recent times, evolving from primarily a tourist destination to a place where people are moving to live long-term. Less Sin City and more family city, so to speak!
It’s worth mentioning that the average metro street rate for a 10X10 unit, now resting at $107, is still below the national average of $116, allowing Las Vegas to remain for now one of the nation’s renter-friendly markets. Many of the cities on the West Coast have average street rates north of $150 per month, with San Francisco rate now standing at a whopping $194 per month.
Who’s Moving to Las Vegas and Why?
With a population of more than 2.2 million, the Las Vegas-Henderson-Paradise metro area keeps growing and expanding. The most recent U.S. Census data shows that the metro’s population increased by more than 166,000 people between 2010 and 2017, which is a 13% change. People from all over are moving to Las Vegas, but there’s one specific place that shows an increased preference for Las Vegas and that is Los Angeles County.
Almost 14,200 people from Los Angeles County moved to Las Vegas-Henderson-Paradise metro between 2010 and 2017, which is almost 10% of the total new moves in that period. A distant second-in-line, in terms of inbound migration to the Las Vegas metro, is San Diego County, also in California, with approx. 2,800 people. So, why are Californians, and Angelenos in particular, so attracted to the Las Vegas metro?
Lower Home Prices Turn Las Vegas into Favorite Relocation Destination for Angelenos
Housing costs stand out as the most obvious reason for this migration trend. According to Yardi Matrix, a person living in the Las Vegas metro area pays, on average, $1,114 per month as of August 2019, while someone living in the L.A. area pays more than double that amount – the average rent for L.A. apartments in August 2019 was $2,582.
The median sale price of a home in the Las Vegas metro area, including single family houses, condos and townhouses, was $265,000 in April 2019, according to Property Shark. In Los Angeles county, the median sale price of a home during the same month (single family, condo and coop units included) was more than double, at $605,000. It’s no wonder, in these circumstances, that Californians are flocking to Nevada and, particularly, to the Las Vegas metro area.
Las Vegas has always been a hotspot for transplants, attracting people from all over the U.S. and even the rest of the world. 23% of the metro’s population is foreign-born, which is more than 1.5 times the national rate. Wherever they’re coming from, one thing’s certain: moving to a new place comes hand in hand with the need for self-storage. So, what does the self-storage inventory look like in Las Vegas?
New Projects in the Pipeline, but Fewer than National Average
According to Yardi Matrix, the Las Vegas metro has about 273 self-storage properties, with over 20 million square feet in total inventory. Another 13 properties are in planning stages, potentially bringing an additional 1.2 million square feet of storage space to the market, while four properties with almost 285,000 square feet of space are already under construction.
Although that’s a sizable supply of new self-storage space, Las Vegas is below the national average when it comes to new construction, so there’s still room for expansion. As of August 2019, under-construction and planned facilities in Las Vegas represented 7.1% of the existing inventory, while the national average sits at 9.5%.
With 21,600 new jobs created in the last 12 months alone, Las Vegas is bound to keep its status as one of the country’s most appealing destinations to move to. Strong net migration and a consistent yet below the national average new supply of self-storage are the main factors behind the metro’s growing self-storage rental rates.
Under-Bed Storage Ideas: From Options to Precautions
The space under your bed is some of the most valuable (and most overlooked) square footage in your home. For anyone needing more storage in a small apartment, tiny home, a student dorm or just a space shared with roommates, that low, hidden zone can absorb off-season clothes, spare bedding and luggage without cluttering a single visible surface. But under-bed storage rewards a little strategy. Used well, it clears your floors and frees your closets. Used carelessly, it can trap moisture against your mattress and, in time, damage the very things you were trying to protect. Here are some under-bed storage ideas to help you get the upside without the downside.
RV Storage Ideas: Smart Solutions for Every Space
The best RV storage ideas work by finding space you already have but aren’t using — under beds, inside cabinet doors, on walls, above entry steps and in the overhead bunk. Most RV owners run out of obvious places quickly, but the real storage capacity in a typical trailer or motorhome comes from vertical surfaces, divided compartments and rethinking what each space was designed for.
Kitchen Cabinet Organization Ideas for Less Chaos
The best way to organize kitchen cabinets is to store items where you actually use them: mugs near the coffee maker, plates close to the dishwasher, spices next to the stove. Small placement decisions like these turn crowded cabinets into functional ones, and they cost nothing to implement.
Where to Donate Clothes in NYC: From Pickup to Mutual Aid
Every year, 200,000 tons of clothing end up in NYC landfills — but yours doesn’t have to. Your unwanted clothes have a real second life waiting. Whether it’s a low-income family needing affordable basics, a woman reentering the workforce looking for interview wear, or an undocumented resident accessing free community support, the donation method you choose matters. Plus, there are plenty of convenient ways to go about it. Local mutual aid groups, free pickup services, mail-in programs, workforce nonprofits, and textile recycling — each one routes your clothes to neighbors and causes that need them most. Here’s where to donate clothes in NYC, according to your plans.
The Best U.S. Metros To Own A Boat
Boating is one of America’s favorite pastimes. According to the National Marine Manufacturers Association, nearly 100 million Americans go boating each year, and recreational boating contributes over $230 billion annually to the U.S. economy. It’s a lifestyle deeply shaped by geography, climate, and local culture.
Packing Tips for Moving in a Hurry: 5 Ways to Speed Things Up
Sometimes a move sneaks up on you and you wind up having to move in a hurry. A job starts sooner than expected, a lease ends abruptly, a sale closes fast, or life simply throws a curveball and suddenly you’re staring at a full house with only days or weeks to empty it. That short timeline can feel overwhelming, but it doesn’t have to mean chaos. With a focused plan and a few smart shortcuts, you can pack up quickly, protect your belongings, and land in your new home without losing your mind.
How to Store Tools Properly: Keep Equipment Rust-Free and Tidy
Good tool storage saves you time, money and the very specific rage of finding a rusted drill you paid good money for. Cleaning, drying and organizing your tools properly keeps them rust-free and findable — and it takes less effort than most people assume. True, nobody wakes up thrilled to organize their tools; it ranks somewhere between cleaning the gutters and reading the terms of service. But here’s how to do it right without the hassle.
Drive-Up Storage Units: Pros, Cons and When They’re Worth It
A drive-up storage unit is a ground-level space with an exterior roll-up door, a lot like a detached garage. Units are usually arranged in rows with wide, paved aisles between them, so you can pull a car, van, or moving truck directly up to your door during access hours. The key feature is the access, and it comes in a few forms:
2026’s Best Cities for Roommates: Irvine, CA, and Atlanta, GA, Lead in Shared Living Gains
Americans sharing a two-bedroom apartment instead of renting a one-bedroom alone can save, on average, about $6,700 per year. In some of the country’s most expensive cities, including Irvine, California, or Jersey City, New Jersey, the savings gap widens to around $13,000. For a growing share of renters, living with roommates is less of a lifestyle arrangement and more a conscious financial strategy.