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Multifamily Asset Values Have Historically Led Self-Storage Prices

But Major Transfer of Ownership to Institutional and Public Equity Investors May Prove Disruptive
A Cube Smart self-storage facility in Murfreesboro, Tennessee. (CoStar)
A Cube Smart self-storage facility in Murfreesboro, Tennessee. (CoStar)
CoStar Analytics
June 13, 2023 | 10:10 P.M.

The asset value performance of the self-storage property sector has generally been related to single and multifamily housing growth. Specifically, increased mobility and the formation of new households stimulate residential asset prices, which in turn, significantly affect self-storage demand.

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