StorageSeeker's Self Storage Rent Index Increases 0.7% in March 2017

DOVER, DE, April 5, 2017 (Newswire.com) - StorageSeeker.com, the nation’s leading online self storage reservation network, is pleased to announce the results of its fifth month of tracking self storage unit rental rates throughout the United States. In March 2017, self storage rental rates turned positive by 0.7% on average nationally after four consecutive months of price decreases. This increase follows a -0.2% storage unit price decline that the Self Storage Rent Index tracked in February 2017.

At the local level, there were some cities with larger rental rate changes during the same period, with prices both decreasing and increasing. Below are the Top 10 major cities that saw self storage rent declines or increases across the US in March 2017.

Top 10 Average Self Storage Price Decreases in Major Markets
Baton Rouge, LA  -14.3%
Durham, NC  -9.8%
Miami, FL  -6.0%
Hialeah, FL  -4.6%
Bakersfield, CA  -3.8%
Cincinnati, OH  -3.0%
Somerset, NJ  -3.0%
St. Louis, MO  -2.5%
York, PA  -2.5%
Jersey City, NJ  -2.5%
Source: StorageSeeker.com and Sparefoot.com

Top 10 Average Self Storage Price Increases in Major Markets
Plymouth, MA  17.3%
Wheeling, IL  11.6%
Jamaica, NY  8.3%
Pembroke Pines, FL  7.9%
Garland, TX  4.7%
Nashville, TN  4.6%
Lexington, KY  4.4%
Grand Rapids, MI  4.3%
North Las Vegas, NV  4.1%
Salt Lake City, UT  3.6%
Source: StorageSeeker.com and Sparefoot.com

About StorageSeeker.com’s Self Storage Rent Index
StorageSeeker.com’s Self Storage Rent Index looks at rent changes for same-store units in approximately 3,000 cities around the country to monitor the overall health of the self storage rental industry on both a national and local level. For an expanded view of additional major market self storage unit price changes please see these Top 50 Self Storage Price Changes in March 2017 and for further information about individual cities’ market rent changes, please contact us using the below information.

About StorageSeeker.com
StorageSeeker.com is the nation’s leading online self storage reservation website with hundreds of thousands of self storage units available to reserve for rent from thousands of self storage facilities across the United States. StorageSeeker.com gives consumers the ability to compare storage prices for different unit sizes and locations while also typically providing discounted rental rates or a move-in special when a unit is reserved online. StorageSeeker.com is based in Dover, Delaware.

To learn more about rent changes in different cities, please visit our self storage blog.

Media Contact
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Phone: 302.526.0801
Email: admin@storageseeker.com

Source: StorageSeeker.com