2020 SELF-STORAGE SALES SET NEW RECORDS
The chart below was contained in a recent Yardi Matrix webinar on the self-storage industry (Yardi Matrix is a major data provider for the self-storage industry). While the number of self-storage properties sold dropped in 2020 (no doubt partly due to the challenges of getting any deals done during the height of the pandemic), prices per square foot (represented by the blue line below) hit a record high as yield-hungry institutional buyers were willing to pay a premium for product.
Source: Yardi Matrix Self Storage National Outlook (Spring 2021)
Well done Vaughn...