Self Storage

There’s a limited time in the life cycle of an asset class where it’s financially advantageous to buy in. For self-storage real estate, that time is now—but not for long.

Despite record-high rents and strong demand for self-storage units, higher interest rates and debt costs have contributed to a slowdown in investment sales activity in the sector.

Manhattan Mini Storage’s portfolio spans 56,000 units, or 3.1 million square feet, and its occupancy rate currently exceeds 95 percent.

The improving fundamentals in the sector are attracting multiple bids on available properties.

Mark Winmill says the pandemic has shown the resilience of the self-storage sector.