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10 Nov, 2026
Analysis
Houston Self-Storage Market Update: Rates Slide While Supply Stays Restrained
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Written by Kenadi Fay

Kenadi Fay Is the Marketing Coordinator at Radius+, where she supports the development and execution of marketing initiatives that translate complex self-storage data into clear, strategic communications. Her role spans content development, campaign coordination, and brand messaging, helping position Radius+ as a trusted source of market intelligence for operators, investors, and developers.

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This week the Radius+ team took a look at the Houston, TX CBSA. Houston has built less than any major Texas metro in recent years, but rates are still down about 7% from last year. That points to a demand problem, not a supply problem.

Supply added by year relative to total

  • 2016: 3.0%
  • 2017: 7.0%
  • 2018: 4.7%
  • 2019: 3.2%
  • 2020: 1.3%
  • 2021: 1.2%
  • 2022: 1.1%
  • 2023: 1.7%
  • 2024: 2.3%
  • 2025: 1.6%
  • 2026 YTD: 1.6%

Supply peaked at 7% in 2017 and has stayed between 1% and 2.3% since 2020.

Rates
The average asking rate is $0.89 per square foot, down about 7% year over year. Summer rates averaged $0.99, down from $1.07 in 2025. Rates bottomed at $0.87 in late October, the lowest in 18 months.

Why demand cooled
Houston added 126,720 residents from mid-2024 to mid-2025, more than any other U.S. metro, but that was about a third less than in 2024. Housing has slowed too. Active listings hit a record high in July, and fall buying eased with mortgage rates above 7%. Fewer moves mean fewer new rentals.

What to watch
The gap to last year has held near 7% instead of widening. With little new supply coming, Houston just needs move-in activity to steady.

Sources: Radius+ data, https://houston.innovationmap.com/houston-metro-population-growth-2025-2676677221.html