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.
Value 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.Â
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Cushman & Wakefield. (August 28, 2023). Value 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 October 31, 2024, from https://www.statista.com/statistics/1472375/value-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Value 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 October 31, 2024. https://www.statista.com/statistics/1472375/value-per-nra-self-storage-properties-usa/
Cushman & Wakefield. (2023). Value 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: October 31, 2024. https://www.statista.com/statistics/1472375/value-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Value 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/1472375/value-per-nra-self-storage-properties-usa/
Cushman & Wakefield, Value 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/1472375/value-per-nra-self-storage-properties-usa/ (last visited October 31, 2024)
Value 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/1472375/value-per-nra-self-storage-properties-usa/
