14 May 2024
With April 2024 behind us we can see how asking rates compare to the same month last year. The average price per square foot in April 2024 was $1.28 which was a 14.5% decrease from April 2023 where the price per square foot was $1.50.
With the lease up season starting it will be interesting to see where rates in the summer go compared to 2023.
*Average price per square foot data based on 10x10CC REIT data within the top 25 markets
Check out previous months recap:
The self storage industry at RadiusPlus always keeps an eye on these trends.
