Radius logo
30 Aug, 2022
Analysis | Latest
August Recap
Avatar photo

Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

View all posts

With August almost over we are able to see how the average price per square foot this month has performed compared to the same time last year.

From August 1st to August 28th 2021 the average price per square foot was $1.85, while from August 1st to August 28th 2022 it was $1.78, which is 3.7% less than the year before.

This is now the third month of 2022, and the end of the summer where the average price per square foot was lower than it was in 2021. This is a clear sign that rates are now starting to stabilize from the all time highs of 2021 when COVID-19 was significantly driving self storage demand.

Take a look at the previous months recaps and reviews here –

Sourced from Radius+/ data.