Value per NRA of self-storage units in the U.S. 2023, by investment class
The value per net rentable area (NRA) of self-storage properties in the U.S. ranged between 33.6 U.S. dollars and 412.3 U.S. dollars in the first half of 2023. Value per NRA measures the value of the property relative to the area that can be rented out to tenants, excluding hallways, maintenance rooms, and other common areas. The average value per NRA for class A self-storage units was 242.5 U.S. dollars, whereas for class C units, this figure stood at 81.8 U.S. dollars.