Now that July has passed we can take a look at how the average price per square foot has changed from 2021 till now.
In July 2021 the average price per square foot was $1.88 while in July 2022 the average price per square foot was $1.86 which is 1.1% less than the year before.
This marks the second month of 2022 where the average price per square foot was lower in 2022 than it was in 2021. It would appear that rates have started to plateau since the all time highs in 2021, especially due to a recession on the horizon.
Take a look at the previous months recaps and reviews here -
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.