The self-storage sector has been booming in recent years, and vacancy rates are expected to fall further in conjunction with rising rents, according to a recent report from Taylor Johnson client Marcus & Millichap.

We provided REJournals.com with a wealth of Marcus & Millichap data that was developed into a story highlighting the particularly strong outlook for the Midwest, where a moderate development pipeline has kept self-storage supply in check with demand. Taylor Johnson also connected GlobeSt.com with a Marcus & Millichap expert who pointed out the time may be right for smaller players to tap into the market.
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Self-storage still has room to grow, according to a recent Marcus & Millichap report. (Credit: Scott Meyers/Flickr)