Self Storage Facility Cap Rates

Total rentable self storage space.

Self storage facility cap rates.

Self storage space per person. Percentage of households that rent a self storage unit. Cap rate of self storage properties in the u s. 2019 leading self storage acquisition markets in the u s.

Number of storage facilities range 45 000 60 000. Data includes graphs and illustrations. Statistics about the self storage industry including annual revenue construction pricing occupancy and financial performance. 1 7 billion square feet.

Every new entrant into the self storage facility market needs to understand the cap rate as a part of the essential math of income property ownership and sale. If you were to pay all cash for a self storage facility the cap rate is the rate of return on the income the property is expected to generate. As you can see the market has seen a constant decline in cap rates for self storage properties over the last 10 years from an average of 10 percent in 2000 to 6 25 percent in 2013. Average monthly cost for a self storage.

When cap rates inch upward it s good news for buyers but not so much for sellers. This is largely due to the increased industry data now available that indicates the overall risk associated with owning self storage is much less than once thought. Self storage sector snapshot data.