Radius logo
14 Oct, 2024
Analysis | Latest
Why Dallas is a Hot Market for Self-Storage
Avatar photo

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.

View all posts

Dallas, TX is the Self Storage capital in America. It has the highest NRSF compared to any other market. This is mostly attributed to the fast growing population and job market in the Dallas-Fort-Worth-Arlington Market.

While new supply in Dallas slowed down from its peak in 2017, development activity is still staying strong, with 4.9% new supply relative to total supply under construction.

In summer 2023 rental rates came back down from the pandemic highs but are stabilizing to pre-pandemic numbers. The Dallas market’s ability to absorb new supply and maintain rental rates make it an attractive market for Self Storage developers.

Street Rate Trends Growth:

image of REITs 10x10 CC avg price per sq ft of Austin Tx