The Phoenix-Mesa-Scottsdale, AZ CBSA has the most percentage supply under construction.

In 2023, Cleveland-Elyria, OH saw 8.4% supply growth, with another 6.76% under construction or in planning. Expect rate softening as supply continues to rise.

Taking a look at how December 2023 performed in comparison to December 2022.

Taking a look at how rates have changed from 2022 to 2023.

With challenges to development on the horizon, we looked at the top 3 markets within the Top 25 Markets that saw the biggest increase in supply growth YoY.

The Radius+ team took at the top 3 markets within the Top 25 Markets that saw the biggest slow down in supply growth Year over Year when comparing 2022 to 2023.

REITs pause development projects due to high interest rates, low asking rates, & funding challenges. This will reduce competition & boost demand for storage.

Taking a look at how November 2023 performed in comparison to November 2022.

Discover challenges in self-storage development amid lending constraints & REITs pricing shifts. Navigate obstacles for a competitive edge in a changing market.

Learn about the The Minneapolis-St. Paul-Bloomington CBSA in this market insights report.