With Q3 2022 coming to a close soon the public REITs will release their earning data including information regarding their Q3 occupancy rates. In Q2 2022, the top three regions with the highest occupancy rates were:
The West Pacific region which includes California, Oregon, Washington, as well Alaska and Hawaii had an occupancy rate of 95.7%.
The South Atlantic region which ecompasses Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia, and the District of Columbia had an occupancy rate of 95.6%.
The East North Central region including Illinois, Indiana, Michigan, Ohio, and Wisconsin had an occupancy rate of 95.3%.
Given the high occupancy rates for these 3 regions, it will be interesting to see where their rates go for the next quarter.
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.