{"id":8582,"date":"2016-08-09T23:18:06","date_gmt":"2016-08-10T03:18:06","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=8582"},"modified":"2016-08-09T23:18:06","modified_gmt":"2016-08-10T03:18:06","slug":"self-storage-cap-rate-compression-slows-but-sector-popularity-continues","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/self-storage-cap-rate-compression-slows-but-sector-popularity-continues\/","title":{"rendered":"Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h1 class=\"page-title\">Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues<\/h1>\n<div class=\"field field-type-nodereference field-field-author\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">Aug 01, 2016 |<a href=\"http:\/\/m.nreionline.com\/author\/donna-mitchell\"> Donna Mitchell<\/a>\u00a0| National Real Estate Investor<\/div>\n<\/div>\n<\/div>\n<div class=\"field field-type-date field-field-pubdate\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/m.nreionline.com\/site-files\/nreionline.com\/files\/imagecache\/medium_img\/uploads\/2016\/08\/self-storage-wide-angleg.jpg\" alt=\"\" width=\"390\" height=\"220\" \/><\/div>\n<\/div>\n<\/div>\n<p><strong>The self-storage sector\u2019s appeal seems to defy<\/strong> convention. Self-storage assets lack the architectural themes and fine details that produce trophy properties in the office and retail sectors. No gleaming lobbies or guest amenities like the hotel sector. Yet investors have recognized other virtues in the self-storage asset class and driven cap rates down by 275 basis points in recent years, a pace of almost five basis points per quarter, according to a recent assessment from real estate services firm CBRE.<\/p>\n<p>Now, however, cap rate compression in the sector is slowing down. After the close of the first quarter of 2016, the average cap rate on transactions was 5.70 percent, a change of four basis points. True enough, the drop in cap rates has slowed, but rates are still moving in a direction that is benefitting investors and owners.<\/p>\n<p>\u201cPeople love storage,\u201d says Chris Sonne, executive vice president and national self-storage valuation group leader in <a href=\"http:\/\/www.cbre.us\/services\/valuationadvisory\/AssetLibrary\/1Q-2016_PaceofCapRateDeclineSlows.pdf\">CBRE<\/a>\u2019s valuation and advisory services division. \u201cWhile there wasn\u2019t a lot of activity in any sector in terms of transaction volume, when you compare that to declines in other asset classes, like office, self-storage was impacted the least.\u201d<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-ico-before dashicons-text\" style=\"background-color: #33809e; color: #ffffff;\" href=\"http:\/\/bit.ly\/2b1F6eM\" target=\"_blank\" data-fasc-style=\"background-color:#33809e;color:#ffffff;\">Article Located Here<\/a><\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues Aug 01, 2016 | Donna Mitchell\u00a0| National Real Estate Investor The self-storage sector\u2019s appeal seems to defy convention. Self-storage &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/self-storage-cap-rate-compression-slows-but-sector-popularity-continues\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":6747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2744],"tags":[],"class_list":["post-8582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-topic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/self-storage-cap-rate-compression-slows-but-sector-popularity-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"&nbsp; &nbsp; Self-Storage Cap Rate Compression Slows, but Sector Popularity Continues Aug 01, 2016 | Donna Mitchell\u00a0| National Real Estate Investor The self-storage sector\u2019s appeal seems to defy convention. 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