Now that September has ended we can see how rates for September 2022 have compared to rates in the previous year.
For September 2021 the average price per square foot was $1.77 while in September 2022 it was $1.62. This was a 9.4% decrease year over year.
With summer over and rates decreasing significantly from 2021 to 2022 when comparing month to month, we can only wait and see if rates will continue to drop further as the year goes on.
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.