With the new year upon us we can see how rates closed out for 2022. In December 2021 the average price per square foot was $1.36. While in December 2022 the average price per square foot was $1.21 a decrease of 11.7%.
While this is not a great way to end the calendar year, we can only wait and see how quickly Self Storage will rebound in the new year.
Take a look at the previous months recaps and reviews here -
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.