June 24, 2024

There will be plenty of capital market interest in self storage this year, as this is considered a safer asset class. Self storage has continued to be a top-performing property, which makes lenders and investors confident. There has been some overbuilding in certain markets, but new construction is expected to slow in those areas as lenders steer clear of markets that are oversaturated. Underwriting will be more conservative and count on lenders to take a closer look at supply. Borrowers will see lower leverage and higher spreads. More