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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 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 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