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Seattle & Northwest  + Seattle  + Industrial  |  July 25, 2025
Jasmine Kilman
By: Jasmine Kilman

Seattle Sees High Volume of Self-Storage Sales

Seattle posted $29 million in self-storage sales in Q1 2025, ranking among the top urban markets nationwide, according to StorageCafe’s latest report.

The city’s self-storage sector continues to draw investor interest, despite steep price tags. Seattle had the second-highest rate, with deals averaging $309 per square foot. Seattle continues to see steady demand for self-storage, driven in part by the city’s compact living spaces. At the same time, the local storage market remains relatively tight, with only four square feet of storage per capita, below the national benchmark.

The limited supply, along with high-density urban living, is pushing up both rental rates and acquisition prices in the Seattle area. Recent self-storage activity in the region includes Spartan Investment Group acquiring a new 403-unit, 31,035-square-foot self-storage facility in Lake Stevens, Washington.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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