Considering investing in a self-storage facility? This might be an easier way for entry-level real estate investors to get into the game. Why?
The global self-storage market was valued at USD 48 billion in 2020 and is expected to reach a value of almost USD 65 billion by 2026, registering an average forecast yearly growth of around 5.5% over the forecast period, 2021-2026.
The self-storage market has proven to be in demand (occupancy rates at 92% in the US), profitable, recession-resistant driven from an increased urbanization trend, as well as COVID proof. The performance of self-storage properties is primarily driven by: