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9 Sep, 2024
Analysis | Latest
Self-Storage Supply Skyrockets in These Key Mid-Atlantic Markets
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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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With SSA Las Vegas behind us and the Mid-Atlantic SSA show coming up, it was a good time to review which markets in the Mid-Atlantic region have significant supply growth.

Among the Top CBSA’s with the most supply in the Mid-Atlantic- three markets stand out:

Syracuse, NY CBSA – has added over 10.7% new supply from 2023 till now, with another 5.48% in the development pipeline.

Allentown-Bethlehem-Easton, PA-NJ CBSA – has added over 12.6% new supply from 2023 till now, with another 14.6% in the development pipeline.

New York-Newark-Jersey City, NY-NJ CBSA – has seen over 7.6% new supply added from 2023 to now (almost 2,000,000 NRSF added!) and has another 15% of projected supply in the development pipeline.