TractIQ, the new official data provider of MSM's Self Storage Almanac, has released its latest Self-Storage REIT Report for Q1 2025. The report highlights how, despite broader market volatility, the self-storage industry showed early signs of stabilization in the first quarter — with some REITs reporting positive year-over-year revenue growth for the first time since mid-2024.
Key Findings from the Report:
- REIT advertised rates were $17.92 in 1Q25 (down 5.9% YOY) compared to $17.86 in 4Q24 (down 18.4% YOY)
- REIT achieved rates were $20.74 in 1Q25 (down 3.1% YOY) compared to $21.46 in 4Q24 (down 2.8% YOY)
- REIT street rates were below REIT achieved rates by 13.5% in 1Q25 (a 23.6% increase YOY from 11.00%) compared to 16.7% in 4Q24 (an 18x increase YOY from 0.87%)
- The REIT discount rate (% difference between street and web rates) was 25.7% in 1Q25 (up 18.7% YOY) compared to 27.2% in 4Q24 (down 5.5% YOY)