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Extra-Space-Storage-Miami
FeaturesIndustrialSelf-Storage

Falling Rents, Shifting Demand Among Self-Storage Trends to Watch in 2025

by Taylor Williams

By Maggie Stankiewicz, senior content manager, Storable The self-storage industry is expanding steadily in 2025, fueled by rising housing costs, smaller homes and changing relocation patterns. As Americans seek more flexible storage options, the market is quickly adapting — rents are dropping, technology is streamlining operations and demand is rising in new regions. According to a recent study by SelfStorage.com, the U.S. market is projected to reach $85.3 billion by 2030, pointing to continued long-term growth. Because of this sustained, projected growth, new self-storage trends are shaping how renters and operators navigate the evolving landscape. Key Trends Driving the Market As of early 2025, a few notable trends are shaping the self-storage industry: Short Vs. Long-Term While short-term storage demand is growing — especially among frequent movers — longer rentals are still the norm. The aforementioned study found that renters use their units for an average of 20 months, up from 16.5 months in 2020. Over one-third of renters planning a move in the next year say they’ll use storage for three to six months. States like Oregon, North Dakota and Mississippi have seen a notable uptick in demand, driven in part by migration from expensive metro areas. After hitting highs …

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Review-Avenue-Complex_New-York-City
DevelopmentIndustrialNew YorkNortheastProperty TypeTop Stories

Innovo Property Group Tops Out 736,000 SF Queens Industrial Facility in New York City

by Hayden Spiess

NEW YORK CITY — Innovo Property Group (IPG) has topped out Review Avenue Complex, a 736,000-square-foot industrial project in Queens. IPG is developing the facility in partnership with the Urban Investment Group (UIG) at Goldman Sachs Alternatives.  Located in New York City’s Borden Innovation District, Review Avenue Complex is situated off of the Long Island Expressway. Completion is scheduled for the fall.  Totaling six stories, the development will feature flexible floor plates, with suites starting at 31,000 square feet. Each floor is designed to accommodate up to two tenants, with truck access at each level via a 35-foot-wide ramp. The facility will offer clear heights up to 32 feet, four freight elevators, heavy power and is photovoltaic and electric vehicle ready.  Each level will also feature loading docks and parking. In total, the development will accommodate 116 cars and 118 oversized vehicles.  In June 2023, IPG received $354 million in financing for the project, including construction financing from Axos Bank and Cerberus Capital Management and equity from Goldman Sachs Asset Management. New York City-based IPG acquires and manages assets in metro New York City. The company recently completed the Borden Complex, a 1 million-square-foot industrial development also located in New …

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AcquisitionsIndustrialTexas

STRIVE Arranges Sale of 23,900 SF Warehouse in Wylie, Texas

by Taylor Williams

WYLIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of a 23,900-square-foot warehouse in Wylie, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1141 Bozman Road comprises four buildings that were delivered in phases over the past several years, with Phase I completed in 2022 and Phase II completed in early 2024. Bryan Meyer and Jennifer Pierson of STRIVE represented the seller and procured the buyer, both of which were California-based investors that requested anonymity.

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AcquisitionsIndustrialMidwestOhio

CBRE Arranges $13M Sale of Industrial Property in West Chester, Ohio

by Kristin Harlow

WEST CHESTER, OHIO — CBRE has arranged the $13 million sale of a 183,178-square-foot industrial property in West Chester near Cincinnati. Located at 9113 LeSaint Drive, the building served as the former headquarters of The O’Gara Group. Built in 1986 and renovated in 2023, the property features seven dock doors and eight drive-in doors on a 10.9-acre site. At the time of sale, the asset was fully occupied by three tenants. Will Roberts, Steve Timmel and Tim Schenke of CBRE represented the seller, TradeLane Properties. Plymouth Industrial REIT Inc. was the buyer.

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IndustrialLeasing ActivityOfficeTexas

Bradford Negotiates 16,000 SF Lease at Industrial Flex Building in Alvarado, Texas

by Taylor Williams

ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.

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GeorgiaIndustrialLoansSoutheast

McCraney Obtains $84M Financing for 1 MSF Industrial Property in Savannah

by John Nelson

SAVANNAH, GA. — McCraney Property Co. has obtained $84 million in senior financing for Phase I of Logistics 16 at Ottawa Farms, a 1 million-square-foot industrial development in Savannah. The three-building property is situated approximately 16 miles from the Port of Savannah. Melissa Rose, Michael DiCosimo and Nicole Barba of JLL arranged the financing package, which includes a three-year, floating-rate loan through Truist. McCraney delivered the three rear-load distribution buildings in 2024. The facilities, which were nearly 85 percent leased at the time of financing, feature 32- to 36-foot clear heights, dock doors and ESFR sprinklers. Logistics 16 at Ottawa Farms is expected to span 4.4 million square feet across nine buildings at full build-out.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 94,931 SF Industrial Lease in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Stream Realty Partners has negotiated a 94,931-square-foot industrial lease in the western Houston suburb of Brookshire. The space is located within the 2.3 million-square-foot Empire West Business Park development. Jeremy Lumbreras, Heath Donica, Justin Robinson and Matteson Hamilton of Stream internally represented the landlord in the lease negotiations. Abraham Richardson and Grant Wisenbaker, also with Stream, represented the tenant, Pointsmith Point-of-Purchase Management Services LLC.

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IndustrialLoansNew JerseyNortheast

City National Bank Provides $14.5M Loan for Refinancing of Northern New Jersey Industrial Facility

by Taylor Williams

WYCKOFF, N.J. — City National Bank has provided a $14.5 million loan for the refinancing of a 115,084-square-foot industrial facility located at 500 W. Main St. in the Northern New Jersey community of Wyckoff. Built in 1966, the shallow-bay property features a clear height of 21 feet, six dock doors, nine drive-in doors and 115 parking spaces. Michael Klein, Max Custer and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, The STRO Cos. At the time of the loan closing, the facility was fully leased to 12 tenants across manufacturing, distribution and service industries.

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4900-Cecilia-St-Cudahy-CA
CaliforniaDevelopmentIndustrialWestern

Stream Realty Partners Secures Entitlements for 100,000 SF Central LA Commerce Center Development

by Amy Works

CUDAHY, CALIF. — Stream Realty Partners has secured project entitlements for Central LA Commerce Center, a Class A light industrial development located at 4900 Cecilia St. in Cudahy, a suburb 11 miles southeast of Los Angeles. The project will transform a functionally obsolete 1950s-era manufacturing building into a LEED-certified light industrial development. The 100,000-square-foot property will feature a clear height of 36 feet, 5,000 square feet of speculative two-story office space, 11 dock-high doors and two drive-in doors. Additionally, the asset will include a fully secured truck court, independent ingress and egress for autos and trucks, and heavy base building power to meet the needs of modern light industrial tenants. Stream’s Industrial Development team for Central LA Commerce Center includes Nick Kreuter, Andrew Warren and Scott Sowanick, who will collaborate with the brokerage team led by Matt Moore and Wes Hunnicutt.

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DevelopmentIndianaIndustrialMidwest

Ambrose Breaks Ground on 248,000 SF Building at Indianapolis Logistics Park – Northwest

by Kristin Harlow

WHITESTOWN, IND. — Ambrose has broken ground on Building IV, a speculative industrial building totaling 248,000 square feet at Indianapolis Logistics Park – Northwest in Whitestown. The building marks the last planned development within the industrial park and is slated for completion in December. Building II was completed in April, and the balance of the building — 145,568 square feet — was recently leased to a confidential user. Kattsafe North America, a provider of innovative safety and security solutions, moved into its 93,871-square-foot headquarters in Building II. The 233,000-square-foot Building III is available for lease. Construction continues on Building I, a 601,000-square-foot build-to-suit for Safavieh, a global home furnishings company. The general contractor for all four buildings is Compass Commercial Construction Group. Design partners include Curran Architecture and Kimley-Horn. CBRE is the leasing agent. Ambrose partnered with Horizon Bank on the construction financing for Buildings II and IV. Total investment in the park exceeds $120 million.

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