Although rates seem to be slowing down from their all time highs in 2021, we can see that the Dallas-Fort Worth-Arlington, TX CBSA has continued to thrive despite the macroeconomic conditions.
From January 1st 2021 to December 4th 2021 the average price per square foot of this market was $1.40 whereas from January 1st 2022 to December 4th 2022 the price per square foot was $1.47 this was a 4.8% increase.
It will be interesting to see where rates will go for this market into 2023.
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.