Las Vegas sees self-storage construction boom

The Las Vegas country is seeing a self-storage boom, arsenic the metro ranks No. 9 for caller abstraction successful the country, according to a caller report.

More than 1.2 cardinal quadrate feet of caller self-storage abstraction is expected to travel online this year, expanding inventory by 5.4 percent, according to a caller study from StorageCafe.

At the aforesaid time, the marketplace is already comparatively good supplied astatine astir 10.2 quadrate feet per capita, which is starting to amusement successful pricing, the rent said. Rents are down 1.6 percent year-over-year to an mean of $126 per month, pointing to a much competitory situation arsenic caller proviso meets much mean demand.