20 May 2025
The Miami-Fort Lauderdale-West Palm Beach, FL CBSA is an area that has been very attractive for institutional self-storage investors due to its high population density, business-friendly tax laws, and high-income residents.
This has been amplified over the past couple of years, an article from davincivertical.com states:
“Between 2021 and 2023, Miami’s start-up scene experienced remarkable growth, with venture capital investment increasing by 200% and the city’s global startup ranking jumping from 23rd to 16th place.”
This influx of job growth has created strong demand for self-storage, and with it new supply. Despite the new supply added, this market has seen rental rates begin to climb closer to pre-pandemic levels.
