{"id":8353,"date":"2016-07-20T09:08:01","date_gmt":"2016-07-20T13:08:01","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=8353"},"modified":"2016-07-20T09:08:01","modified_gmt":"2016-07-20T13:08:01","slug":"self-storage-sector-maintains-steady-growth","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/self-storage-sector-maintains-steady-growth\/","title":{"rendered":"Self-Storage Sector Maintains Steady Growth"},"content":{"rendered":"
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Jul 18, 2016 |\u00a0Barbara Byrne Denham<\/a> and Victor Calanog<\/a>\u00a0| National Real Estate Investor<\/p>\n The self-storage industry is one that has not garnered much investor attention<\/strong>, but may start to, judging by the numbers. Vacancy rates continued to decline in the first quarter and rents climbed at a healthy rate.<\/p>\n The self-storage industry, like all property sectors, has a number of idiosyncrasies, including unit type. Most self-storage facilities rent units of many different sizes, from 5 ft. by 5 ft. to 10 ft. x 20 ft. and everything in between. Statistics are collected for five standard unit-size categories, and because every building has a different combination of unit types, rents are generally reported for the mid-sized category of 10 ft. x 10 ft. in order to ensure an apples-to-apples comparison for buildings, sub-markets and metros.<\/p>\n Moreover, most properties rent units that are climate-controlled, as well as those that are not. Accordingly, rents for climate-controlled units are higher than non-climate controlled units. These rents are reported separately, but they are not aggregated or averaged as the statistics on the physical space (net absorption, construction and vacancy rates) are.<\/p>\n<\/p>\n