The net operating income (NOI) per net rentable area (NRA) of self-storage properties in the U.S. ranged between 2.8 U.S. dollars and 20.8 U.S. dollars in 2023. NOI per NRA is a measure of profitability and efficiency of the property. In the first half of the year, the average NOI per NRA for class A units was 13.1 U.S. dollars, whereas class C units fetched an 4.9 U.S. dollars, on average.
Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class
(in U.S. dollars)
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.
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Cushman & Wakefield. (August 28, 2023). Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars)." Chart. August 28, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. (2023). Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Net Operating Income (Noi) per Net Rentable Area (Nra) for Self-storage Real Estate in The United States in 1st Half 2023, by Investment Class (in U.S. Dollars)." Statista, Statista Inc., 28 Aug 2023, https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield, Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) Statista, https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/ (last visited December 22, 2024)
Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) [Graph], Cushman & Wakefield, August 28, 2023. [Online]. Available: https://www.statista.com/statistics/1472368/noi-per-nra-self-storage-properties-usa/
