StorageSeeker's Self Storage Rent Index Increases by 0.2% in June 2017

National self storage prices increased by 0.2% in June 2017 according to StorageSeeker's Self Storage Rent Index.

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StorageSeeker.com, the nation’s leading online self-storage reservation network, is pleased to announce the results of its eighth month of tracking self-storage rental rates throughout the United States. In June 2017, self-storage prices rose by 0.2% on average. This increase follows a 0.1% storage unit price increase that the Self Storage Rent Index tracked in May 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 June 2017.

Top 10 Average Self Storage Price Decreases in Major Markets
Detroit, MI  -10.5%
Riverside, CA  -5.7%
New York, NY  -5.6%
Long Beach, CA  -5.4%
Colorado Springs, CO  -4.3%
Raleigh, NC  -3.5%
Omaha, NE  -1.9%
Milwaukee, WI  -1.9%
Bronx, NY  -1.8%
Oklahoma City, OK  -1.0%
Source: StorageSeeker.com and Sparefoot.com

Top 10 Average Self Storage Price Increases in Major Markets
Jamaica, NY  4.9%
Baltimore, MD  3.5%
Nashville, TN  3.3%
Seattle, WA  3.1%
San Francisco, CA  2.7%
Tucson, AZ  1.2%
San Diego, CA  1.2%
Chicago, IL  1.0%
Philadelphia, PA  0.8%
Virginia Beach, VA  0.8%
 

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 100 Self Storage Price Changes in June 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.

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Phone: 302.526.0801
Email: admin@storageseeker.com

Source: StorageSeeker


Categories: Real Estate, Real Estate Investments, Warehousing

Tags: Baltimore, Colorado Springs, Detroit, Long Beach, mini storage, Nashville, Omaha, Riverside, Seattle, self storage, Tucson