As we kick off 2022, its hard to imagine how the self-storage market can get any better. Economists continue to prognosticate that the self-storage market is sound and actually getting better; brokerage firms continue making rosy forecasts for the industry and your uncle, as predicted, has made his doomsday predictions at the holiday dinner table. The first few weeks of 2022 have confirmed that investor sentiment towards self-storage is at an all-time high. Today, stabilized assets are commanding record high pricing while newly developed lease-up properties and C of O deals are continuing to gain momentum and pricing power. This is largely due to strong and improving market fundamentals and the investment community’s desire for yield with low capital expenditure assets such as self-storage.
I-2022: Let the Good Times Roll!
