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Self-storage properties generated $10 billion of investment sales volume in 2022, according to Yardi Matrix data

Sales Market Remains Strong for U.S. Self-Storage 

The U.S. self-storage sector recorded investment sales of approximately $10 billion in 2022, maintaining its investor appeal. While that total represented an 18.7% decrease over the previous year, according to Yardi Matrix data, 2021’s tally was bumped up by StorageMart’s acquisition of Manhattan Mini Storage from Edison Properties for $3 billion. 

New York City’s 2022 sale volumes exceeded anywhere else in the country once again, totaling more than $500 million across the five boroughs. Southwestern cities such as Phoenix and places around Washington, DC, also witnessed plenty of activity and total sales volumes ranging between $100 million and $200 million. 

In terms of actual square footage purchased, 2022 was a solid year for the market. Roughly 73.4 million square feet changed hands in 2022 across the U.S. Texas and Florida stood out as the states with the liveliest self-storage markets. Both witnessed sales of more than 10 million square feet. 


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Yardi Matrix

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).