{"id":12384,"date":"2023-05-15T00:01:53","date_gmt":"2023-05-15T07:01:53","guid":{"rendered":"https:\/\/www.storagecafe.com\/blog\/?p=12384"},"modified":"2024-02-06T07:46:19","modified_gmt":"2024-02-06T15:46:19","slug":"self-storage-sales-report","status":"publish","type":"post","link":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/","title":{"rendered":"Self Storage Transactions Top $10B In Yearly Sales Volume: NYC The Biggest Spender In 2022 While Sun Belt Cities Traded The Most Space"},"content":{"rendered":"<p><strong><em>K<\/em><em>ey takeaways:<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Self storage property sales totaled around $10B in 2022, down from $12.3B in 2021, but still more than in prior years<\/em><\/strong><\/li>\n<li><strong><em>A total of 73.4M total square feet of storage changed hands across the US in 2022<\/em><\/strong><\/li>\n<li><strong><em>Based of an analysis of 670 major cities, New York had the greatest sales volume in 2022 \u2014 the Bronx alone beat every other place in the nation with four pricey properties totaling $235M<\/em><\/strong><\/li>\n<li><strong><em>Houston, TX, Phoenix, AZ, and the small city of Ocala, FL, were the top three cities with the most storage space changing hands<\/em><\/strong><\/li>\n<li><strong><em>At state level, Texas traded the most storage space in 2022, more than 16M square feet in 257 facilities<\/em><\/strong><\/li>\n<\/ul>\n<p>The US self storage sector demonstrated familiar vigor and confidence in 2022. After <a href=\"https:\/\/www.multihousingnews.com\/are-historical-highs-behind-for-the-self-storage-sector\/\" target=\"_blank\" rel=\"noopener\">flying so high peak-pandemic<\/a>, when it experienced historic occupancy levels, 2022\u2019s total dollar volume of storage facility sales totaled around $10B. That represented an 18.7% decrease over the previous year, according to <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> data. But 2021 witnessed an exceptional sale that overshadowed most of the rest \u2013 StorageMart\u2019s <a href=\"https:\/\/www.crainsnewyork.com\/commercial-real-estate\/manhattan-mini-storage-giant-sells-3b\" target=\"_blank\" rel=\"noopener\">acquisition of Manhattan Mini Storage<\/a> from Edison Properties for $3B.<\/p>\n<p><iframe id=\"datawrapper-chart-K1QKg\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"US Self Storage Property Sales Evolution 2018-2022\" src=\"https:\/\/datawrapper.dwcdn.net\/K1QKg\/8\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Column Chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();<\/script><\/p>\n<p>New York City\u2019s 2022 sale volumes exceeded anywhere else in the country once again, totaling over half a billion dollars across the five boroughs. Southwestern cities such as Phoenix and places around Washington, DC, also witnessed plenty of activity and total sales volumes ranging around $100M-$200M.<\/p>\n<p>In terms of actual square footage purchased, 2022 was a solid year for the market. Roughly 73.4M square feet changed hands in 2022 across the US, with Texas and Florida standing out as the states with the liveliest self storage markets. Both witnessed over 10M square feet traded.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Top-cities-with-the-highest-self-storage-transaction-volumes-The-Big-Apples-half-a-billion-dollars-of-sales-beats-all-other-cities-with-the-Bronx-leading\"><\/span>Top cities with the highest self storage transaction volumes: The Big Apple\u2019s half a billion dollars of sales beats all other cities, with the Bronx leading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Activity in the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/new-york-city\/\" target=\"_blank\" rel=\"noopener\">New York City self storage<\/a> sector in 2022 reached a total sales volume of over $565M \u2014 more than any in other city in the nation, as was the case the year before \u2014 across 16 transactions and 1.6M square feet. <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/bronx\/\" target=\"_blank\" rel=\"noopener\">The Bronx<\/a> was the most active borough, seeing four transactions in 2022 totaling $235M.<\/p>\n<div id=\"attachment_12386\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12386\" class=\"wp-image-12386 size-large\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/CubeSmart-Self-Storage-1-Ellis-Street-Staten-Island-NY.jpg?w=770\" alt=\"CubeSmart Self Storage, 1 Ellis Street, Staten Island, NY\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/CubeSmart-Self-Storage-1-Ellis-Street-Staten-Island-NY.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/CubeSmart-Self-Storage-1-Ellis-Street-Staten-Island-NY.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/CubeSmart-Self-Storage-1-Ellis-Street-Staten-Island-NY.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><p id=\"caption-attachment-12386\" class=\"wp-caption-text\"><a href=\"https:\/\/www.storagecafe.com\/storage\/ny\/staten-island\/cubesmart-self-storage-1-ellis-street\/ \">CubeSmart Self Storage, 1 Ellis Street, Staten Island, New York<\/a><\/p><\/div>\n<p>Meanwhile, however, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/brooklyn\/\" target=\"_blank\" rel=\"noopener\">Brooklyn<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/queens\/\" target=\"_blank\" rel=\"noopener\">Queens<\/a> and <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/staten-island\/\" target=\"_blank\" rel=\"noopener\">Staten Island<\/a> witnessed a total combined sales volume of more than $256M for 10 transactions in all, somewhat more than the equivalent 2021 figure of $174M. Just up the road from the Bronx in Westchester County, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/mount-vernon\/\" target=\"_blank\" rel=\"noopener\">Mount Vernon self storage<\/a> led the rest of the state\u2019s cities with two transactions totaling $68M, one of them the third-largest property traded in the state, having a total area of 185K square feet.<\/p>\n<p><a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener\">Manhattan<\/a> witnessed $74M change hands for two sales in 2022, including a pricy $61M facility in the East Village. However, this activity is a huge reduction from the 18 transactions totaling around $3B over the previous year.<\/p>\n<p><iframe id=\"datawrapper-chart-Tq5u8\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Top 10 Cities for Self Storage Sales in 2022\" src=\"https:\/\/datawrapper.dwcdn.net\/Tq5u8\/2\/\" height=\"515\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Southwest-storage-enthusiasm-led-by-booming-Metro-Phoenix-and-40-Houston-deals\"><\/span>Southwest storage enthusiasm led by booming Metro Phoenix and 40 Houston deals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The total sales volume in the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/az\/phoenix\/\" target=\"_blank\" rel=\"noopener\">Phoenix self storage<\/a> sector was second-highest registered in the nation, more than $195M across 11 transactions, roughly the same as in the previous year. In addition, the wider Metro Phoenix area\u2019s market clocked up phenomenal activity in 2022 that is up there with NYC\u2019s. The only other place in the state to see self storage sales, the\u00a0<a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/az\/tucson\/\" target=\"_blank\" rel=\"noopener\">Tucson<\/a> self storage <span class=\"ui-provider gp b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak\" dir=\"ltr\">market saw 120K square feet traded for $7.9M<\/span>.<\/p>\n<p>Regularly punching above its weight for a city of its size, the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/nv\/las-vegas\/\" target=\"_blank\" rel=\"noopener\">Las Vegas self storage<\/a> sector witnessed five deals in 2022, for a total storage floor space of 376K square feet. The Vegas self storage market is reasonably priced, and in 2022 included a 100K-square-foot facility at the southern edge of town costing $145 per square foot and two smaller ones purchased for a total of 57K square feet at even lower rates.<\/p>\n<div id=\"attachment_12388\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12388\" class=\"wp-image-12388 size-large\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-4765-West-Rush-Avenue-Las-Vegas-NV-89104.jpg?w=770\" alt=\"Public Storage, 4765 West Rush Avenue, Las Vegas, NV, 89104\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-4765-West-Rush-Avenue-Las-Vegas-NV-89104.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-4765-West-Rush-Avenue-Las-Vegas-NV-89104.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-4765-West-Rush-Avenue-Las-Vegas-NV-89104.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><p id=\"caption-attachment-12388\" class=\"wp-caption-text\"><a href=\"https:\/\/www.storagecafe.com\/storage\/nv\/las-vegas\/public-storage-4765-west-rush-avenue\/\">Public Storage, 4765 West Rush Avenue, Las Vegas, Nevada<\/a><\/p><\/div>\n<p>Texas has a reputation for plentiful and good-value storage. <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/tx\/houston\/\" target=\"_blank\" rel=\"noopener\">Houston<\/a> leads the state in terms of self storage square footage bought in 2022, witnessing 3.8M square feet traded. This is way more than in any other US city, the priciest deals being for $38.6M and $31.9M \u2014 in fact, six of the top 10 largest Texan facilities traded were all in Houston. <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/tx\/austin\/\" target=\"_blank\" rel=\"noopener\">Austin<\/a> and <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/tx\/dallas\/\" target=\"_blank\" rel=\"noopener\">Dallas<\/a> also performed well with transaction volumes of roughly $31.2M and $25.2M.<\/p>\n<p><iframe id=\"datawrapper-chart-OC8v9\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Top 10 Cities for Self Storage Square Footage Sales in 2022\" src=\"https:\/\/datawrapper.dwcdn.net\/OC8v9\/1\/\" height=\"534\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Floridas-Ocala-and-Miami-stand-out-among-cities-with-most-sales-volumes-with-166M-and-110M-in-transactions-respectively\"><\/span>Florida\u2019s Ocala and Miami stand out among cities with most sales volumes with $166M and $110M in transactions, respectively<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest self storage surprise of 2022 was <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/ocala\/\" target=\"_blank\" rel=\"noopener\">Ocala, Florida<\/a> \u2014 a city of about 60,000 people, known as the \"Horse Capital of the World\" on account of its thoroughbred horses \u2014 which racked up sales of no less than $166M for 23 transactions. It was in second place for both the number of deals last year and the storage facility square footage involved in them, just over 1M square feet, 92% of which was newly constructed in 2022, with a rather small average facility size of 47K square feet. The fact that Ocala is reported to be <a href=\"https:\/\/realestate.usnews.com\/places\/rankings\/fastest-growing-places\" target=\"_blank\" rel=\"noopener\">the US\u2019s 6<sup>th<\/sup>-fastest growing city<\/a> will surely be stimulating the storage sector there.<\/p>\n<div id=\"attachment_12389\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12389\" class=\"wp-image-12389 size-large\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-5170-SE-58th-Avenue-Ocala-FL-34480.jpg?w=770\" alt=\"Public Storage, 5170 SE 58th Avenue, Ocala, FL, 34480\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-5170-SE-58th-Avenue-Ocala-FL-34480.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-5170-SE-58th-Avenue-Ocala-FL-34480.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Public-Storage-5170-SE-58th-Avenue-Ocala-FL-34480.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><p id=\"caption-attachment-12389\" class=\"wp-caption-text\"><a href=\"https:\/\/www.storagecafe.com\/storage\/fl\/ocala\/public-storage-5170-se-58th-avenue\/\">Public Storage, 5170 SE 58th Avenue, Ocala, Florida<\/a><\/p><\/div>\n<p>The Sunshine State\u2019s major cities also saw plenty of market action last year. The <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/miami\/\" target=\"_blank\" rel=\"noopener\">Miami<\/a> self storage market scored seventh place across the country in terms of sales volumes, with more than $110M spread across six transactions, while neighboring <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/fort-lauderdale\/\" target=\"_blank\" rel=\"noopener\">Fort Lauderdale<\/a> weighed in with $67M for three deals. On the other side of the state, the self storage market in <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/hillsborough-county\/tampa\/\" target=\"_blank\" rel=\"noopener\">Tampa<\/a> witnessed $80M of trading, though the six deals involved \u2014 at an average of 79K square feet each.<\/p>\n<p>Florida\u2019s biggest deal was in Miami, $33M for a facility covering 69K square feet. This also represented the state\u2019s highest square-footage price at $474, while self storage in the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/jacksonville\/\" target=\"_blank\" rel=\"noopener\">Jacksonville<\/a>\u00a0metropolitan area claimed second-place spot in this regard with a deal in <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/fl\/clay-county\/keystone-heights\/\" target=\"_blank\" rel=\"noopener\">Keystone Heights<\/a> at $422 per square foot \u2014 a small facility of 13K square feet \u2014 and also the state\u2019s largest facility traded, encompassing 166K square feet.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The-Washington%E2%80%93Baltimore-area-ups-its-self-storage-activity-hugely-in-2022\"><\/span>The Washington\u2013Baltimore area ups its self storage activity hugely in 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Areas surrounding the nation\u2019s capital need plenty of storage for commuting DC employees with limited living space at home. Self storage in <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/va\/alexandria\/\" target=\"_blank\" rel=\"noopener\">Alexandria, Virginia<\/a>, a short journey down the Potomac River, scored a top-five spot for its total sales volume of $114M spread across four deals. These represent averages of 92K square feet per facility and a high $331 per square foot \u2014 the two most expensive are in the west of town on Eisenhower Avenue.<\/p>\n<p>Self storage in\u00a0<a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/dc\/washington\/\" target=\"_blank\" rel=\"noopener\">Washington, DC<\/a>, itself saw a single deal in 2022, a 166K-square-foot facility close to the city center bought for $46M, a cost per square foot of $277. In the bedroom community of <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/md\/kensington\/\" target=\"_blank\" rel=\"noopener\">Kensington<\/a>, just north of DC proper in Maryland, a huge 225K-square-foot large facility was traded for $76M at an even higher per-square-foot cost of $339 \u2014 the few other deals of this size and price nationwide were all located in either NYC or LA.<\/p>\n<div id=\"attachment_12390\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12390\" class=\"wp-image-12390 size-large\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Self-Storage-Plus-3700-Plyers-Mill-Road-Kensington-MD-20895.jpg?w=770\" alt=\"Self Storage Plus, 3700 Plyers Mill Road, Kensington, MD, 20895\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Self-Storage-Plus-3700-Plyers-Mill-Road-Kensington-MD-20895.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Self-Storage-Plus-3700-Plyers-Mill-Road-Kensington-MD-20895.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Self-Storage-Plus-3700-Plyers-Mill-Road-Kensington-MD-20895.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><p id=\"caption-attachment-12390\" class=\"wp-caption-text\"><a href=\"https:\/\/www.storagecafe.com\/storage\/md\/kensington\/self-storage-plus-3700-plyers-mill-road\/ \">Self Storage Plus, 3700 Plyers Mill Road, Kensington, Maryland<\/a><\/p><\/div>\n<p>Still in Maryland, the sales volume of <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/md\/baltimore-city\/\" target=\"_blank\" rel=\"noopener\">Baltimore self storage<\/a> in 2022 exceeded $88M for eight transactions, with a similar average size to those in Alexandria but at a lower average overall cost of $121 per square foot. Meanwhile in the Baltimore suburb of <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/md\/central-maryland\/windsor-mill\/\" target=\"_blank\" rel=\"noopener\">Windsor Mill<\/a> \u2014 less than an hour\u2019s commute from DC \u2014 two recently built facilities changed hands for a total of $57M at a considerably higher square-footage cost of $190.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Top-states-for-traded-storage-space-Texas-in-the-lead-with-nearly-164M-sq-ft-changing-hands\"><\/span>Top states for traded storage space: Texas in the lead with nearly 16.4M sq. ft. changing hands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Texas always does things bigger and self storage is no exception, its 16.4M new square feet in 2022 spread across 257 transactions \u2014 even Dallas in 4<sup>th<\/sup> place saw 789K square feet traded. Florida comes in second with 11.7M square feet purchased in 181 deals, its biggest beachside cities joining Ocala.<\/p>\n<p><iframe id=\"datawrapper-chart-v5hzj\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Top 10 States &amp;amp; Their Top 3 Cities for Sales Volumes of Storage Traded in 2022\" src=\"https:\/\/datawrapper.dwcdn.net\/v5hzj\/12\/\" height=\"814\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();<\/script><\/p>\n<p>California and New York State come in quite distant third and fourth places in terms of square footage. In the former, the central <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/los-angeles\/san-fernando-valley\/\" target=\"_blank\" rel=\"noopener\">San Fernando Valley<\/a> neighborhood of <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/los-angeles\/van-nuys\/\" target=\"_blank\" rel=\"noopener\">Van Nuys<\/a> hit much bigger cities out of the park with 578K square feet purchased. This compares to much lower amounts in other Los Angeles Metro places such as <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/santa-ana\/\" target=\"_blank\" rel=\"noopener\">Santa Ana<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/santa-monica\/\" target=\"_blank\" rel=\"noopener\">Santa Monica<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/pasadena\/\" target=\"_blank\" rel=\"noopener\">Pasadena<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/whittier\/\" target=\"_blank\" rel=\"noopener\">Whittier<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/hawthorne\/\" target=\"_blank\" rel=\"noopener\">Hawthorne <\/a>and the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/los-angeles\/\" target=\"_blank\" rel=\"noopener\">City of Angels<\/a> itself, which all built less than 100K square feet each in 2022.<\/p>\n<p>The other six states in the top 10 all saw a similar total square footage of storage traded in 2022, with highlights including some small towns with big storage plans: <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ga\/marietta\/\" target=\"_blank\" rel=\"noopener\">Marietta, Georgia<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/co\/loveland\/\" target=\"_blank\" rel=\"noopener\">Loveland, Colorado<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/oh\/akron\/\" target=\"_blank\" rel=\"noopener\">Akron, OH<\/a>, and <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/nc\/mooresville\/\" target=\"_blank\" rel=\"noopener\">Mooresville, North Carolina<\/a>, plus the rapidly expanding Metro Phoenix city of <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/az\/surprise\/\" target=\"_blank\" rel=\"noopener\">Surprise, Arizona<\/a>.<\/p>\n<h2 id=\"investors\"><span class=\"ez-toc-section\" id=\"REITs-dominate-2022-self-storage-investor-activity-with-Extra-Space-Storage-out-in-front\"><\/span>REITs dominate 2022 self storage investor activity with Extra Space Storage out in front<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>REITs fill the top three spots in the list of investors who drove the lively US self storage market last year, based on the transactions for which prices are available.<\/p>\n<p>\"Self storage is ranked as one of the best performing risk-averse sectors of commercial real estate, but suitable land for building new stores is now increasingly hard to find,\" Doug Ressler, business intelligence manager at Yardi Matrix, told us. \"The market for trading existing self storage facilities therefore generates plenty of heat these days, with most of the very biggest investors being REITs. The attention this real estate segment receives from these companies demonstrates how highly appreciated it has become, both to clients and to investors, a situation that is likely continue.\"<\/p>\n<p><iframe id=\"datawrapper-chart-YkxMk\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Top 10 Purchasers of Self Storage Facilities in 2022\" src=\"https:\/\/datawrapper.dwcdn.net\/YkxMk\/3\/\" height=\"534\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();<\/script><\/p>\n<p>Utah-based Extra Space Storage, the US\u2019s 2nd-largest owner of self storage units, ended 2022 with purchases that approached $1.2B. The company bought more than 7M square feet of storage space spread over 80 properties across the U.S., with 796K square feet traded in the Los Angeles metropolitan area alone. However, they were also strongly involved in the smaller yet vigorous markets of Baltimore, MD, and Austin, TX, for example, with total purchases of around 400K square feet in both.<\/p>\n<p>In second place for square footage purchased in 2022, the US\u2019s 4<sup>th<\/sup> largest owner of storage space, New York\u2019s Life Storage, bought only around half the amount of storage space it had acquired in 2021. However, many facilities were in often-expensive states such as California and New York, although Texas accounted for the most locations, with 12.<\/p>\n<p>In third place for sale volumes \u2014 less than two thirds of Life Storage\u2019s \u2014 California-based Public Storage\u2019s square-footage purchases dropped by a similar amount year-over-year. Most of the acquisitions were focused on Florida \u2014 including nearly all the Ocala deals \u2014 and in the Midwest.<\/p>\n<p>The fourth-largest buyer of self storage properties during 2022 was InSite Property Group \u2014 the biggest investor on the list that is not a REIT \u2014 which specializes in integrated self storage development and management. They acquired 25 properties which are operating under the California-based SecureSpace brand, with 11 in metropolitan areas there, although also across a wide range of other relatively high-rent places such as <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/wa\/seattle\/\" target=\"_blank\" rel=\"noopener\">Seattle<\/a>, <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/or\/portland\/\" target=\"_blank\" rel=\"noopener\">Portland<\/a>, Austin and Miami.<\/p>\n<p>National Storage Affiliates is a REIT and was the fifth-largest purchaser of U.S. self storage facilities in 2022. However, while their expenditure was lower than InSite\u2019s, due to the company\u2019s very different geographical focus, they were able to purchase around double the number of facilities with double the square footage. The lion\u2019s share of the 48 deals\u2019 locations were in Texas, 14 of them, while East Coast states accounted for most of the rest, Georgia leading with eight and Florida and Pennsylvania having five each.<\/p>\n<p>No REITs are featured in the bottom half of the top 10 of investors. The 15 transactions made by Georgia-based Invesco Ltd in 2022 were concentrated in the country\u2019s East Coast states, with four in North Carolina having traded for $405K. Brookfield Properties bought 19 properties, including spending a huge total of $208M for 532K square feet in their hometown of New York City.<\/p>\n<p>Harrison Street Real Estate Capital focused their 10 purchases in the Pacific Northwest, acquiring 582K square feet in five Seattle premises for a total of $164M, plus a <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/or\/bend\/\" target=\"_blank\" rel=\"noopener\">Bend, Oregon<\/a> self storage facility for $28K. The most expensive of Prime Group Holdings\u2019 30 purchases was a <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ri\/providence\/\" target=\"_blank\" rel=\"noopener\">Providence-Warwick<\/a> metropolitan area facility near the town of Swansea for $22M. Connecticut-based Strategic Asset Management spent a similar amount of money on just 10 recently built facilities \u2014 only two were completed before 2017 \u2014 the priciest costing $39K in the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/chula-vista\/\" target=\"_blank\" rel=\"noopener\">Chula Vista self storage<\/a> market in the <a href=\"https:\/\/www.storagecafe.com\/self-storage\/us\/ca\/san-diego\/\" target=\"_blank\" rel=\"noopener\">San Diego<\/a> metro area.<\/p>\n<p>One huge piece of news that will impact future iterations of this list is the upcoming acquisition in 2023 of the second-placed company by the first-placed \u2014 after the former had resisted a bid from the third-placed \u2014 creating a massive new player in the self storage sector. The much-hyped merger involves <a href=\"https:\/\/www.storagecafe.com\/blog\/extra-space-life-storage-merger\/\" target=\"_blank\" rel=\"noopener\">Life Storage being purchased by Extra Space Storage<\/a> in a $12.7B deal.<\/p>\n<div id=\"attachment_12391\" style=\"width: 780px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12391\" class=\"wp-image-12391 size-large\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Prime-Storage-262-Swansea-Mall-Drive-Swansea-MA-02777.jpg?w=770\" alt=\"Prime Storage, 262 Swansea Mall Drive, Swansea, MA, 02777\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Prime-Storage-262-Swansea-Mall-Drive-Swansea-MA-02777.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Prime-Storage-262-Swansea-Mall-Drive-Swansea-MA-02777.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/Prime-Storage-262-Swansea-Mall-Drive-Swansea-MA-02777.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><p id=\"caption-attachment-12391\" class=\"wp-caption-text\"><a href=\"https:\/\/www.storagecafe.com\/storage\/ma\/swansea\/prime-storage-262-swansea-mall-drive\/\">Prime Storage, 262 Swansea Mall Drive, Swansea, Maryland<\/a><\/p><\/div>\n<p>While both sales volumes decreased slightly in 2022 compared to the year before, 2021 was exceptional for self storage due to issues that had not existed previously. And although storage street rates shot up during 2022, with the national rate for a non-climate-controlled 10\u2019x10\u2019 unit exceeding $130, per Yardi Matrix data, they have been easing and are currently at an average of $127 \u2014 the figure was below $120 at the start of 2021. This, and the trajectory of <a href=\"https:\/\/www.storagecafe.com\/climate-controlled-storage\/\" target=\"_blank\" rel=\"noopener\">climate-controlled storage<\/a>, all adds to the impression that the self storage industry is settling well into its new post-pandemic status of increased public appreciation and investor enthusiasm.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Methodology\"><\/span>Methodology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<div>\n<div data-tid=\"messageBodyContainer\">\n<div data-tid=\"messageBodyContent\">\n<ul>\n<li>This analysis was done by\u00a0<a href=\"https:\/\/www.storagecafe.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">StorageCafe<\/a>, an online platform that provides storage unit listings across the nation. The data on property sales was taken from Yardi Matrix, StorageCafe\u2019s sister division and a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.<\/li>\n<li>To determine the top cities by total sales volumes and square footage, we looked at a total of 670 US cities for which we had sales data in 2022.<\/li>\n<li><span class=\"ui-provider gr b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak\" dir=\"ltr\">We have only included transactions in the analysis that had disclosed prices.<\/span><\/li>\n<li>All figures referring to amounts of space concern total square footage of facilities rather than rentable square footage.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Fair-use-and-distribution\"><\/span>Fair use and distribution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This study serves as a resource for the general public on issues of common interest and should not be regarded as investment advice. The data is true to the best of our knowledge but may change if amendments to it are made. We agree to the distribution of this content but we do require a mention in return for attribution purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways:<\/p>\n","protected":false},"author":99,"featured_media":12385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-12384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-self-storage-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Self Storage Sales 2022: NYC &amp; Sun Belt Cities Traded The Most<\/title>\n<meta name=\"description\" content=\"Self storage transactions in 2022 were largest in NYC, Texas &amp; Florida saw the most square footage traded &amp; Houston had the most activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self Storage Transactions Top $10B In Yearly Sales Volume: NYC The Biggest Spender In 2022 While Sun Belt Cities Traded The Most Space\" \/>\n<meta property=\"og:description\" content=\"Self storage transactions in 2022 were largest in NYC, Texas &amp; Florida saw the most square footage traded &amp; Houston had the most activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/\" \/>\n<meta property=\"og:site_name\" content=\"StorageCafe Blog - Your Go-to Source for All Things Self Storage\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T07:01:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T15:46:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"515\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Francis Chantree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Francis Chantree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/\",\"url\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/\",\"name\":\"Self Storage Sales 2022: NYC & Sun Belt Cities Traded The Most\",\"isPartOf\":{\"@id\":\"https:\/\/www.storagecafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg\",\"datePublished\":\"2023-05-15T07:01:53+00:00\",\"dateModified\":\"2024-02-06T15:46:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/9457770c0c17865988a091bf68f2b541\"},\"description\":\"Self storage transactions in 2022 were largest in NYC, Texas & Florida saw the most square footage traded & Houston had the most activity.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage\",\"url\":\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg\",\"contentUrl\":\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg\",\"width\":1170,\"height\":515,\"caption\":\"River Ave Self Storage, 586 River Avenue, the Bronx, New York\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.storagecafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Research Reports\",\"item\":\"https:\/\/www.storagecafe.com\/blog\/category\/research-reports\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Self Storage Exclusives\",\"item\":\"https:\/\/www.storagecafe.com\/blog\/category\/research-reports\/self-storage-news\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Self Storage Transactions Top $10B In Yearly Sales Volume: NYC The Biggest Spender In 2022 While Sun Belt Cities Traded The Most Space\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/#website\",\"url\":\"https:\/\/www.storagecafe.com\/blog\/\",\"name\":\"StorageCafe Blog - Your Go-to Source for All Things Self Storage\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.storagecafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/9457770c0c17865988a091bf68f2b541\",\"name\":\"Francis Chantree\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/01\/IMG_5357-square.jpg?w=96\",\"contentUrl\":\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/01\/IMG_5357-square.jpg?w=96\",\"caption\":\"Francis Chantree\"},\"description\":\"Francis Chantree is a writer and editor for Yardi, focusing on real estate and lifestyle content. He is a former programmer and researcher who exchanged computer language for his greatest passion, human language! When not writing and proofreading text, he can be found gardening and reading.\",\"url\":\"https:\/\/www.storagecafe.com\/blog\/author\/francis-chantree\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Self Storage Sales 2022: NYC & Sun Belt Cities Traded The Most","description":"Self storage transactions in 2022 were largest in NYC, Texas & Florida saw the most square footage traded & Houston had the most activity.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/","og_locale":"en_US","og_type":"article","og_title":"Self Storage Transactions Top $10B In Yearly Sales Volume: NYC The Biggest Spender In 2022 While Sun Belt Cities Traded The Most Space","og_description":"Self storage transactions in 2022 were largest in NYC, Texas & Florida saw the most square footage traded & Houston had the most activity.","og_url":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/","og_site_name":"StorageCafe Blog - Your Go-to Source for All Things Self Storage","article_published_time":"2023-05-15T07:01:53+00:00","article_modified_time":"2024-02-06T15:46:19+00:00","og_image":[{"width":1170,"height":515,"url":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg","type":"image\/jpeg"}],"author":"Francis Chantree","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Francis Chantree","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/","url":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/","name":"Self Storage Sales 2022: NYC & Sun Belt Cities Traded The Most","isPartOf":{"@id":"https:\/\/www.storagecafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage"},"image":{"@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg","datePublished":"2023-05-15T07:01:53+00:00","dateModified":"2024-02-06T15:46:19+00:00","author":{"@id":"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/9457770c0c17865988a091bf68f2b541"},"description":"Self storage transactions in 2022 were largest in NYC, Texas & Florida saw the most square footage traded & Houston had the most activity.","breadcrumb":{"@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#primaryimage","url":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg","contentUrl":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg","width":1170,"height":515,"caption":"River Ave Self Storage, 586 River Avenue, the Bronx, New York"},{"@type":"BreadcrumbList","@id":"https:\/\/www.storagecafe.com\/blog\/self-storage-sales-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.storagecafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Research Reports","item":"https:\/\/www.storagecafe.com\/blog\/category\/research-reports\/"},{"@type":"ListItem","position":3,"name":"Self Storage Exclusives","item":"https:\/\/www.storagecafe.com\/blog\/category\/research-reports\/self-storage-news\/"},{"@type":"ListItem","position":4,"name":"Self Storage Transactions Top $10B In Yearly Sales Volume: NYC The Biggest Spender In 2022 While Sun Belt Cities Traded The Most Space"}]},{"@type":"WebSite","@id":"https:\/\/www.storagecafe.com\/blog\/#website","url":"https:\/\/www.storagecafe.com\/blog\/","name":"StorageCafe Blog - Your Go-to Source for All Things Self Storage","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.storagecafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/9457770c0c17865988a091bf68f2b541","name":"Francis Chantree","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.storagecafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/01\/IMG_5357-square.jpg?w=96","contentUrl":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/01\/IMG_5357-square.jpg?w=96","caption":"Francis Chantree"},"description":"Francis Chantree is a writer and editor for Yardi, focusing on real estate and lifestyle content. He is a former programmer and researcher who exchanged computer language for his greatest passion, human language! When not writing and proofreading text, he can be found gardening and reading.","url":"https:\/\/www.storagecafe.com\/blog\/author\/francis-chantree\/"}]}},"jetpack_featured_media_url":"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/04\/River-Ave-Self-Storage-586-River-Avenue-Bronx-NY-10451.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/posts\/12384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/comments?post=12384"}],"version-history":[{"count":11,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/posts\/12384\/revisions"}],"predecessor-version":[{"id":15008,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/posts\/12384\/revisions\/15008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/media\/12385"}],"wp:attachment":[{"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/media?parent=12384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/categories?post=12384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.storagecafe.com\/blog\/wp-json\/wp\/v2\/tags?post=12384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}