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StorageSeeker.com study shows 0.7% dip in average rents for self-storage units

Self-storage facilities finder StorageSeeker.com data showed that average rents for self-storage units dipped by 0.7% across the United States in November 2016, with rates dropping to 2.8% in Houston, Texas and even lower in the surrounding area.

StorageSeeker.com makes use of its Self-Storage Rent Index to compare monthly changes in prices in different cities all across the country. This drop was determined when November rates were compared with statistics recorded in the same areas in October.

The places where self-storage rents decreased were in Fremont in Alameda County, California (-8%); Buffalo, New York (-6.3%); and Garland, Texas (-5.5%). The places where self-storage rents increased were in Hayford, California (54.2%); Monterey, California (28.4%); and Daly City, California (18%).

Around 10% of American households and millions of companies make use of self-storage units, data from StorageSeeker.com showed.

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