With April coming to a close, we can see how the rates have compared to last year.
In April 2022, the average price per square foot was $1.76. While this past month, for April 2023, the average price per square foot had dropped to $1.51 per square foot. This was a 14.2% decrease year over year.
This is a significant decrease in rates YoY. Still, anecdotal evidence the Radius+ team has been hearing the past week or so has indicated that lease-ups have increased in volume dramatically. This, in turn, will translate into higher rates as the months go on, and once we see this, we can expect the YoY percentage decreases to decrease as well.
Interview with Copper Storage Management
We spoke with Brett Copper of Copper Storage Management at the 2023 ISS World Expo in Las Vegas.
Storage Unit Locks & Locking-Down Mental & Physical Security
Learn how customers make decisions about the security of their self storage unit, and how smart storage unit locks can make all the difference to customer confidence.
Interview with Live Oak Bank
We spoke with Anna Taylor of Live Oak Bank at the 2023 ISS World Expo in Las Vegas.