Yardi Says Self Storage Market Stabilizes After Q4 Revenue Drop - Real Estate Investing Today
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Yardi Says Self Storage Market Stabilizes After Q4 Revenue Drop - Real Estate Investing Today
Yardi says the latest results for Q4 2024 reveal ongoing challenges for self storage REITs, with a 1% drop in revenue driven by lower occupancy and rates. However, many of their top 30 metros are showing signs of stabilization, with advertised rates increasing in February. While markets in the Northeast, Midwest and West show signs of stabilization, Sun Belt regions struggle with weak home sales and oversupply. Yardi Self Storage National Repor…
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