14 Oct 2024
Dallas, TX is the Self Storage capital in America. It has the highest NRSF compared to any other market. This is mostly attributed to the fast growing population and job market in the Dallas-Fort-Worth-Arlington Market.
While new supply in Dallas slowed down from its peak in 2017, development activity is still staying strong, with 4.9% new supply relative to total supply under construction.
In summer 2023 rental rates came back down from the pandemic highs but are stabilizing to pre-pandemic numbers. The Dallas market’s ability to absorb new supply and maintain rental rates make it an attractive market for Self Storage developers.
Street Rate Trends Growth:
