Sydney continues to lead storage fee rate growth with an average growth factor of 3.8% over the past 6 months, according to the latest Urbis Storage Index (USI).
However, higher fees rates have impacted occupancy rates within the Sydney market demonstrating a general decline in occupancy. Other major metropolitan areas have also shown growth in storage fee rates at levels marginally below that applicable to the Sydney market.
The Urbis Storage Index (USI) is a substantial set of time series data is the leading index in the Australasian self-storage industry. The Index monitors more than 85 mature self-storage facilities in Sydney, Melbourne, Brisbane, Perth and Auckland, NZ. Our measured approach and proven expertise provides an accurate picture of your facility’s value and how to maximise it.
The data in this report relates to the six-month period from June 2017 to December 2017. Click the cover below to download your copy.