The average cap rate for class A self-storage properties in the United States was 5.2 percent in the first half of 2023. The cap rate was the highest for the upper decile of class B properties, at 7.5 percent. Cap rates measure the anticipated total return of a real asset and are calculated by dividing the net operating income by the property's value. While properties with higher cap rates suggest higher return, they are also associated with more risk.
Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class
Based on an aggregation of property data from approximately 1,200 properties totaling 15 billion U.S. dollars, or 4.2 percent of the estimated total market capitalization.Â
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Cushman & Wakefield. (August 28, 2023). Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/
Cushman & Wakefield. "Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class." Chart. August 28, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/
Cushman & Wakefield. (2023). Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/
Cushman & Wakefield. "Capitalization Rate of Self-storage Real Estate in The United States in 1st Half 2023, by Investment Class." Statista, Statista Inc., 28 Aug 2023, https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/
Cushman & Wakefield, Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class Statista, https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/ (last visited December 22, 2024)
Capitalization rate of self-storage real estate in the United States in 1st half 2023, by investment class [Graph], Cushman & Wakefield, August 28, 2023. [Online]. Available: https://www.statista.com/statistics/1472366/cap-rate-self-storage-properties-usa/