Self-storage sales surge to $5 billion in 2025 as investors chase larger portfolios

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Self-storage transaction volume surged by 39% in 2025, reaching nearly $5 billion, as investors increasingly acquired larger facilities and portfolios. While independent operators still dominate individual deals, REITs are driving market pricing, particularly in Sun Belt growth areas and dense coastal cities. Florida, California, and Georgia led in sales, with Las Vegas being the most active municipal market and New York City commanding the highest valuations per square foot.

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