Self Storage Facility Cap Rates
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.
Self storage facility cap rates. Statistics about the self storage industry including annual revenue construction pricing occupancy and financial performance. When cap rates inch upward it s good news for buyers but not so much for sellers. This overview is provided to help buyers and sellers of self storage businesses gain clarity on the role of the cap rate in a property valuation. Self storage space per person.
2014 2018 market share of public self storage companies in the u s. Self storage sector snapshot data. 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. 1 7 billion square feet.
Percentage of households that rent a self storage unit. Data includes graphs and illustrations. 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. Average monthly cost for a self storage.
2019 leading self storage acquisition markets in the u s. 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. Total rentable self storage space.