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 …
Self-Storage
MILWAUKEE, PORT WASHINGTON, SLINGER AND WEST BEND, WIS. — EquiCap Commercial has brokered the sale of the StorSafe of Wisconsin Portfolio, a 258,450-square-foot self-storage portfolio in Wisconsin. The five properties, totaling 1,454 units, are located in Milwaukee, Port Washington, Slinger and West Bend. Jesse Luke and Scott Rihm of EquiCap brokered the transaction. An out-of-state buyer purchased the portfolio within 97 percent of the list price. The deal closed within 75 days of going under contract.
LAS VEGAS — Newport Beach, Calif.-based Buchanan Street Partners has acquired a newly constructed self-storage facility located at 310 Rock Springs Drive in Las Vegas. The project’s developer sold the asset for $21.8 million in an off-market transaction. Totaling 103,570 square feet, the three-building property offers 917 self-storage units. The Class A facility features a mix of interior climate-controlled units and drive-up access options spread across three-story buildings. Buchanan acquired the property at certificate of occupancy upon construction completion. The company is an active self-storage investor throughout the Western United States, including recent transactions in California and Arizona.
Colliers Arranges $6.5M Sale of Hannigan’s Mini Storage Facility in Hollister, California
by Amy Works
HOLLISTER, CALIF. — The De Jong | Becher Self Storage Team at Colliers has arranged the sale of Hannigan’s Mini Storage facility in Hollister. Mechanics Banks, as trustee for the John A Maki Trust, sold the asset to National Storage Affiliates for $6.5 million. Located at 180 San Felipe Road, the fully stabilized self-storage facility features 330 units in 29,926 rentable square feet. The property will transition to Right Space Storage management and branding at close.
Joint Venture Buys 1,435-Unit Self-Storage Portfolio in San Francisco Bay Market for $44.2M
by Amy Works
VALLEJO AND SONOMA, CALIF. — Harvest Properties, in joint venture with New York Life Real Estate Investors (NYLREI), has acquired two self-storage facilities in Vallejo and Sonoma in separate transactions totaling $44.2 million. In total, the properties offer 1,435 self-storage units. The joint venture has engaged Extra Space to manage both properties. The partnership purchased Best Self Storage, an 80,000-square-foot drive-up facility with 516 units at 155 Fremont Drive and Mafei Road in Sonoma, and Vallejo Self Storage, a 76,000-square-foot property with 919 climate-controlled units at 384 Fairgrounds Drive in Vallejo. The JLL Storage Capital Markets team represented the seller in the Vallejo Self Storage transaction.
CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Overflow Garage, a 204-unit automotive storage facility in Corpus Christi. The facility is located about 15 miles south of the downtown area and totals 16,880 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Plano-based Cumbia Real Estate Holding LLC, in the transaction. The team also procured the undisclosed, Corpus Christi-based buyer.
DALLAS — Newmark has arranged a $125 million loan for the refinancing of a portfolio of 19 self-storage properties that are primarily (13 facilities) located in Pennsylvania. The other six properties are scattered across Maryland, New Jersey, Indiana and Kentucky. Collectively, the portfolio totals roughly1.2 million net rentable square feet of space across nearly 10,000 units and has maintained an average occupancy rate of 91 percent over the past decade. Jonathan Firestone, Jordan Roeschlaub, Nick Scribani, Clint Frease, John Caraviello, Aaron Swerdlin and Andrew Warin of Newmark arranged the fixed-rate loan on behalf of the borrower, Dallas-based Rosewood Property Co. PGIM Real Estate provided the debt.
MONTVALE, N.J. — Fulton Bank has provided a $14.9 million construction loan for a 989-unit self-storage project that will be located in the Northern New Jersey community of Montvale. The three-acre site at 21 Phillips Parkway currently houses an 18,500-square-foot office building that will be demolished to accommodate the new climate-controlled facility. Jon Mikula, Michael Klein and John Cumming of JLL arranged the loan, which carries a 42-month term and a floating interest rate, on behalf of the developer, a partnership between Claremont Development, March Development and Battery Global Advisors.
Marcus & Millichap Negotiates Sale of 292-Unit Self-Storage Portfolio in Clovis, New Mexico
by Amy Works
CLOVIS, N.M. — Marcus & Millichap has arranged the sale of a two-property self-storage facility portfolio in Clovis. Terms of the transaction were not disclosed. The portfolio includes two facilities at 3400 W. 7th St. and 5126 N. Prince St. In total, the portfolio offers 262 non-climate-controlled units, 29 fully enclosed RV and boat units and one office. Situated on 3.2 acres, the portfolio totals 53,880 net rentable square feet. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer in the deal.
CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.
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