January 19, 2024

Expect self storage to be a favored asset class this year. There is a need for self-storage space in many markets and occupancies are not expected to soften anytime soon. Lenders like the fact that this property has consistent demand throughout the good times and the bad. Self storage is still one of the top performers in the commercial space with very few losses experienced by lenders. Certain markets could experience some overbuilding, but lenders will work to keep developers in check and lend to markets that show a need for additional space. More