StorageSeeker's Self Storage Rent Index Declines 0.8% in December 2016

Dover, DE, January 5, 2017 (Newswire.com) - StorageSeeker.com, the nation’s leading online self storage reservation network, is pleased to announce the results of its second month of tracking self storage unit prices throughout the United States. In December 2016, self storage rents declined by -0.8% on average nationally. This continued the -0.7% downward trend in storage unit prices that was seen by the Self Storage Rent Index in November 2016.

At the local level, there were some cities with significant rental rate changes during the same period, both price decreases and increases. Below are the Top 10 major cities that saw either storage rent decreases or increases across the US in December.

Top 10 Average Self Storage Price Decreases in Major Markets

Plymouth, MA -13.3%

Fairfax, VA -6.8%

Colorado Springs, CO -4.8%

Dallas, TX -4.6%

Omaha, NE -4.4%

Denver, CO -4.3%

Nashville, TN -3.2%

Columbus, OH -2.6%

Boston, MA -2.6%

Sacramento, CA -2.5%

Source: StorageSeeker.com and Sparefoot.com

Top 10 Average Self Storage Price Increases in Major Markets

Honolulu, HI 6.9%

San Francisco, CA 3.7%

New York, NY 2.9%

Washington, DC 2.3%

Philadelphia, PA 2.1%

Miami, FL 2.0%

Atlanta, GA 1.7%

Memphis, TN 1.5%

New Orleans, LA 1.5%

Albuquerque, NM 1.3%

Source: StorageSeeker.com and Sparefoot.com

About StorageSeeker.com’s Self Storage Rent Index

StorageSeeker.com’s Self Storage Rent Index looks at rent changes for same-store units in over 3,000 cities around the country to monitor the overall health of the self storage rental industry on both a national and local level. For an expanded view of additional major market self storage unit price changes please see these Top 50 Self Storage Price Changes in December 2016.

About StorageSeeker.com

StorageSeeker.com is the nation’s leading online self storage reservation website with hundreds of thousands of self storage units available to reserve for rent from thousands of self storage facilities across the United States. StorageSeeker.com gives consumers the ability to compare storage prices for different unit sizes and locations while also typically providing discounted rental rates or a move-in special when a unit is reserved online. StorageSeeker.com is based in Dover, Delaware.

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Source: StorageSeeker.com