With more people renting and the size of individual units shrinking, it’s no surprise to see vacancy rates at self-storage facilities so low as renters seek out space to store their non-essential belongings.

When Heartland Real Estate Business was recently looking for market highlights, we thought of self-storage and contacted Joel Deis, national director of the self-storage group at Taylor Johnson client Marcus & Millichap. In a contributed article, Deis gave an overview of key demand drivers that have fueled the sector’s growth and explained why the time may be right for small and midsize users to enter the market.
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Joel Deis is national director of the self-storage group at Marcus & Millichap.