The COVID-19 environment continues to affect the day-to-day operation of facilities and how we live our lives. Through all the adversity, the self storage industry has seen one of the strongest occupancy, fee rate and revenue growth periods on record.
Occupancy levels have been a standout metric with most markets showing positive uplift since the prior June 2020 study. This reversal in trend has seen some zones reach record occupancy levels, Adelaide a standout in its overall increase.
Storage Fee Rates and revenue position results were strong, with only a single zone showing a decrease in Storage Fee Rates. Perth and Outer Brisbane were highlights, but positive results in those COVID-19 impacted zones was also welcome.
The data in this report relates to the six months from June 2020 to December 2020.
Take a look through the report to see how your region is doing.