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6 May, 2026
Analysis | Latest
Supply vs. Surge: Analyzing the Sarasota-North Port Storage Market
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team took a closer look at the North Port-Bradenton-Sarasota, FL CBSA.

2022: 9.1%

2023: 6.7%

2024: 8.2%

2025: 9.1%

2026: 4.6%

North Port and the greater Sarasota region have experienced rapid job growth since early 2020, fueled by migration from the Northeast into Florida. However, the area has also seen very high levels of storage supply delivered from 2022 through 2026, pushing the market into oversupply. Rental rates appear to be starting to recover, but it will take time before they return to previous highs. The strong demographic and employment trends provide long-term support for storage demand. Once existing inventory stabilizes, the market should regain balance.