Where to find self-storage data (vacancy rates, market rents by unit type)?
Sadly the $5MM I pay to CoStar monthly isn't enough for them to collect data on this property type.
[{"id": "ia25dti", "text": "You can find self-storage info on CS. I believe it\u2019s a secondary property type they have under \u201cspecialty\u201d property type\n\nETA I\u2019m not sure about having rent rates, I\u2019ve only used it for transaction data", "replies": [{"id": "ia2jeqy", "text": "the properties are there, but Costar does not actively research self-storage.\n\n&amp;#x200B;\n\nso any vac or leasing info is based on that market's algorithm. and sales info is public records rehash.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ia2aat9", "text": "If costar can\u2019t help me I tend to try to dig through comps on Crexi and look at the available OMs if available", "replies": [], "depth": 1}, {"id": "ia2cy22", "text": "The best storage facilities are usually found off market. Driving for dollars and direct Mail campaigns are the way to go. I have a friend who found a handful of them using these methods and now owns 3 within the last year or so. Best of luck.", "replies": [], "depth": 1}, {"id": "ia2m0km", "text": "Spare foot?", "replies": [], "depth": 1}, {"id": "ia2s62i", "text": "Most of the big brokerages publish surveys on SS properties. C&amp;W does a top 50 metro at least yearly. Yardi does them monthly I think. JLL &amp; CBRE do them too. Generally the vacancy is single digits for the branded ones. And unit types are listed on the websites. They usually have the exact amount per month listed.", "replies": [], "depth": 1}, {"id": "ia2vzgt", "text": "REIS is the source you're looking for.  They don't have all markets though.", "replies": [], "depth": 1}, {"id": "ia44ql6", "text": "Unfortunately, the only way to get the info is going website to website and calling about availability and rate. Time consuming to say the least.", "replies": [], "depth": 1}, {"id": "ia4f8e5", "text": "Honestly sizing a market isn\u2019t a terrible idea, then you could call the ssf\u2019s. CoStar\u2019s data is also usually super antiquated so none of the financials will correlate unless there\u2019s a live OM listed with the property", "replies": [], "depth": 1}, {"id": "ia6t9ok", "text": "I have talked with CoStar on many occasions about this topic and once spoke to their product development team on the subject.  They have no intentions of actively covering self-storage.  \n\nThey have the inventory as they need to identify every commercial building so they can determine if they need to track it.  However, when they come across these properties they are often not good at actually labeling it as self-storage, so it makes it difficult to aggregate.\n\nThey have many sales for these properties as they scrape public records for all sales.  But again, if the underlying property type isn't labeled it makes it difficult to aggregate.  You can try and create your own list by downloading all sales and doing a keyword search for \"storage.\"\n\nCoStar does not track any metrics for self-storage on rents, or vacancies.  Anything they have would not be QC'd and therefore subject to error.  \n\nIf you're looking for stats, you may want to try looking at the 10K filings for Self storage REITs and the Self Storage companies themselves if they are publically traded.  This will give you some idea of what's going on in the institutional side of the space.  But with this market containing a high portion of mom and pop operators, it will likely not reflect the space as a whole.", "replies": [], "depth": 1}]