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.
Effective gross revenue 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). Effective gross revenue 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 21, 2024, from https://www.statista.com/statistics/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Effective gross revenue 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 21, 2024. https://www.statista.com/statistics/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/
Cushman & Wakefield. (2023). Effective gross revenue 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 21, 2024. https://www.statista.com/statistics/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Effective Gross Revenue 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/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/
Cushman & Wakefield, Effective gross revenue 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/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/ (last visited December 21, 2024)
Effective gross revenue 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/1472378/effective-gross-revenue-per-nra-self-storage-properties-usa/
