Self-storage is among the commercial real estate sectors best equipped to adapt to this economically challenging time. With self-storage owners navigating the rapidly changing environment, recent demand for storage units has been enhanced as both commercial and non-commercial users have required to quickly move or store belongings for an unknown period of time. We believe that national self-storage vacancy rates have been stable over the short-term as new demand offsets tenants that were lost to the weakening economy.
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