<\/p>\n
Self storage rates marginally increased across the nation in May 2023 compared to April 2023<\/a>, by 0.8%, to $128 per month for a non-climate-controlled 10\u2019x10\u2019 unit. However, year-over-year, the national self storage street rate dropped by 3.8%<\/strong>. Year-over-year rates stayed on a downward trend in most of the country\u2019s largest 150 cities: 109 cities saw price drops, while in 15 of them the self storage rates remained about the same and 26 cities experienced price increases.<\/p>\n Nationally, almost 15.2M square feet of new self storage space has already been completed in 2023, and another 38.6M square feet is expected to be added by the year\u2019s end.<\/p>\n