Gross revenue per NRA of self-storage units in the U.S. 2023, by investment class
The effective gross revenue per net rentable area (NRA) of self-storage properties in the U.S. ranged between 4.5 U.S. dollars and 24.6 U.S. dollars in 2023. Effective gross revenue per NRA measures the total income generated by a property less vacancy or credit losses relative to the usable and rentable area of the property. In the first half of the year, class A properties generated on average 17.4 U.S. dollars in gross effective revenue per NRA, while for class C properties, this figure stood at 8.5 percent.