StorageSeeker's Self Storage Rent Index Decreases -0.2% in February 2017

Dover, DE, March 6, 2017 (Newswire.com) - ​StorageSeeker.com, the nation’s leading online self storage reservation network, is pleased to announce the results of its fourth month of tracking self storage unit rents throughout the United States. In February 2017, self storage rental rates declined by -0.2% on average nationally. This reduction was the same as the -0.2% storage unit price decline that the Self Storage Rent Index tracked in January 2017 and continues as the fourth consecutive month of price declines for self storage rents across the United States.

At the local level, there were some cities with much larger rental rate changes during the same period, with prices both decreasing and increasing. Below are the Top 10 major cities that saw either storage rent declines or increases across the US in February 2017.

Top 10 Average Self Storage Price Decreases in Major Markets
San Jose, CA  -4.8%
Monroe, NY  -4.4%
Seminole, FL  -4.0%
Aurora, CO  -3.9%
Montgomery, AL  -2.7%
Oakland, CA  -2.7%
Des Moines, IA  -2.7%
Plano, TX  -2.6%
Irving, TX  -2.4%
Orlando, FL  -2.3%
Source: StorageSeeker.com and Sparefoot.com

Top 10 Average Self Storage Price Increases in Major Markets
Baton Rouge, LA  21.9%
Fremont, CA  7.1%
Tempe, AZ  3.9%
New Haven, CT  3.7%
Honolulu, HI  2.8%
Plymouth, MA  2.7%
Providence, RI  2.4%
Reno, NV  2.3%
Fresno, CA  2.3%
Philadelphia, PA  1.9%
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 100 Self Storage Price Changes in February 2017 and for further information about individual cities’ market rent changes, please contact us using the below information.

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.

To learn more about self storage unit rent changes in different cities, please visit our blog.

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Source: StorageSeeker.com