Скачать или смотреть Storage Market Oversupply

There's more new self-storage square footage in the pipeline than there is existing in this 3-mile radius with a population under 50,000! 🤯 I'm seeing five different development deals. The national average is about 6,000 people to fill a 100,000 sq ft facility, but this market only needs 6,000 people total.

The rental rate is at $1.38/sq ft, but for ground-up development to pencil, it needs to be at least $2.00/sq ft, and realistically even higher. This oversupply is mind-boggling and shows a huge disconnect between builders and market demand.

#selfstorage #oversupply #realestate #development #marketanalysis #saturation #investmentrisk #rentals #theselfstoragereport #thaddeuscampbell #data #storageinvesting