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20 Jan, 2025
Analysis | Latest
2-Year Analysis: Non-Climate 10×10 Rates Fall Amid Decreased Demand
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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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Last week the Radius+ team reviewed how Web rates have changed in the past 2 years for 10×10 Climate Controlled units.

This week we took a look at the same study but for 10×10 Non-Climate Controlled units.

  • From 2023-2024 the average price per square ft was $1.25
  • From 2024-2025 the average price per square ft was $1.07

This represents a 14.45% DECREASE YoY for web asking rates for Non Climate Controlled 10×10 units.

This may be attributed to the Non-Climate 10x10s many times being a drive up unit, which due to the convenience of being able to drive up to store there is seen as a premium unit in high demand. However the significant decrease YoY still indicates overall demand is still down, and generally compounded by the recent oversupply in the top 25 Markets.