{"id":137452,"date":"2024-12-24T00:07:21","date_gmt":"2024-12-24T08:07:21","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=137452"},"modified":"2025-07-25T06:31:58","modified_gmt":"2025-07-25T13:31:58","slug":"self-storage-report-december-2024","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/self-storage\/self-storage-report-december-2024\/","title":{"rendered":"Self Storage Rates Continue to Slow Down While the Sunbelt Leads the Construction Boom"},"content":{"rendered":"
\n

\u2022 The self storage industry has registered the 26th month of consecutive year-over-year rent drops.<\/em>
\n\u2022 The average self storage rate for November 2024 was $132, a 3.5% decrease from November 2025.<\/em>
\n\u2022 Prices have decreased in 109 of the county\u2019s largest 150 cities.<\/em>
\n\u2022 Self storage rent rates had the biggest year-over-year drops in Port St. Lucie, FL, Boston, MA, and Memphis, TN.<\/em>
\n\u2022 Rents saw the biggest growth in Hunting Beach, CA, Jersey City, NJ, and Oceanside, CA.<\/em>
\n\u2022 San Antonio, Los Angeles, and Houston lead the way in 2024 new deliveries.<\/em><\/p>\n<\/div>\n

The national average street rate for self storage held steady at $132 in November, offering a welcome break for operators during the off-moving season’s typical slump. Increased demand following Halloween<\/a>, which usually intensifies competition for consumers, has helped stabilize rents and paused the usual month-to-month declines.<\/p>\n

However, street rates kept sliding year-over-year, dipping 3.5% in November compared to the same time last year. Across the 150 biggest cities, 73% saw prices drop, while 27% experienced modest to small increases.<\/p>\n