1、SELF-STORAGENationalInvestment Forecast2023T e last three years have brought tremendous growth for the self-storage sector.T e behavioral and economic ef ects of the health crisis fostered a span of double-digit rent growth and record-low vacancy standout performance that accelerated an already risi

2、ng amount of investment activity.T is landmark period was unlikely to last indef nitely,however,and as the new year begins,we are seeing signs of self-storage space demand returning to more typical patterns.Even as rent growth slows and vacancy trends toward a more familiar level,both metrics are ho

3、lding well ahead of their pre-pandemic marks.T e sectors long-run outlook continues to be uplif ed by growing millennial households and a downsizing retirement cohort,even as elevated inf ation and a sof er labor market outlook present near-term headwinds.T e sector also benef ts from below-peak dev

4、elopment,with much of the activity aligning well with rapidly-expanding markets.While the Federal Reserves aggressive interest rate increases have complicated the transaction environment,investors are still engaged with the self-storage sector.T e sectors durability during weak economic cycles and u

5、pside gains when the economy is growing have attracted increasing attention from a broad array of investors.Price points above those from even a few years ago appeal to seasoned operators,providing listings for an investor pool that has broadened considerably in the past decade.To help commercial re

6、al estate investors capitalize on unique nuances of the investment climate,Marcus&Millichap presents the 2023 Self-Storage National Investment Forecast.As always,our investment brokerage and f nancing specialists across the U.S.and Canada are at your disposal,providing street-level investment guidan