NOI per net rentable area of self-storage units in the U.S. 2023, by investment class
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.