The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ With home prices and mortgage rates too high for
many American families, the self-storage market has
seen an uptick in space demand as several
households downsize or look for space for new
consumer items that their current residence can’t
accommodate.
○ Analyzing self-storage REIT performance, shares have
averaged a return of 7.27% this year, outperforming
the REIT average.
○ According to data from Hoya Capital, while the sector
has seen some softening from 2021 highs in
occupancy and rents, they remain above pre-
pandemic levels and are less exposed to potential
overvalue issues than the broader CRE market.
○ Funds from operation (FFO) for the Storage REIT
sector is on pace for double-digit performance in
2023, following a 3.0% gain in Q1 2023.
Self Storage: A CRE Bright Spot?
33. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view
all of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.