Market Report Southwest Self-Storage The self-storage sector has established itself as a major player in CRE, outperforming other assets over the past few years. It has climbed the ranks nationwide as a top investment class, securing dominance in the Southwest. Industry experts anticipate a robust expansion of self-storage in 2023, with Phoenix boasting one of […]
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Feeling the Heat: Phoenix CRE Report Known as the Valley of the Sun, Phoenix, AZ, is one of commercial real estate’s hottest markets. With a current population of over 4.7 million, a 1.4 percent increase from 2022, the Phoenix metro is packed with abundant job growth, consumer spending, and investment opportunities. Phoenix is the largest […]
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The self-storage sector was an unexpected victor after the pandemic. Ranking among the top performing asset classes in commercial real estate in 2021, self-storage racked up $10.9 billion in sales transactions, representing a 161% increase over 2020. The historic performance was driven by relocation trends over the last two years, where people moved to new cities […]
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Matthews™ Market Movers, Q&A Uncertainty has plagued the real estate industry as increased interest rates loom. Fortunately, property fundamentals remain strong. In this Q&A, we asked our top agents to provide their specialized insight on what they see in the market and what discussions they are having with investors. Alexander Harrold | Senior Vice […]
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An Update on Self-Storage Self-storage has established itself as a major player among CRE assets, outperforming over the past few years. Rental rates reached an all-time high of $13a2 for non-climate-controlled (non-cc) units and $150 for climate-controlled (CC) units in June 2022, tenants are renewing their leases at high rates, and net operating income increased […]
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