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Market Update
Yardi Matrix – National report as of August
Self storage REITs continued to outpace non-REITs in rate performance. Same-store advertised rents at REIT properties increased 1.1% year-over-year, compared to -0.6% for non-REITs in the same markets. However, REITs saw a slight deceleration in growth, with July’s 1.1% increase down from 1.4% in June. Additionally, REITs saw a 0.2% month-over-month decline in advertised rates. Read Full Report |