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2023 Self-Storage Expense Guidebook
Get the latest self-storage operating expenses!For nearly 40 years, real estate professionals, investors, brokers, owners, managers, researchers, appraisers, governmental agencies, and market observers have turned to Mini-Storage Messenger’s educational publications for self-storage data, statistics and information. We developed the Self-Storage Expense Guidebook because so many readers of the annual Self-Storage Almanac requested additional information on the operating expenses for self-storage properties. Once again, we have partnered with the self-storage teams at Newmark Knight Frank to bring you the latest self-storage operating expenses. The 2023 edition of the Guidebook is based upon responses from owners and operators of self-storage properties, nationwide. Our Expense guidebook has become one of the most sought after products produced by Mini-Storage Messenger Publishing. Just as we continue to refine the scope of the Self-Storage Almanac, so do we strive to continually improve the scope of the data in the Expense Guidebook. Once again in this year’s edition you will find the overall expense to income ratio on a national basis, as well as overall facility income and rental revenue growth and the traditional expense data broken down into more precise categories. It is important to note that the data in this edition is not collected on a same-store basis; therefore, the numbers represent an average based partner data. For additional self-storage data and statistics, we suggest that you look to the 2023 Self-Storage Almanac and the many other educational products offered by MiniCo Publishing. Above all, we hope you find this edition of the Expense Guidebook to be a valuable tool with which to pursue your self-storage endeavors. Major self-storage operating expense categories included: taxes, insurance, repairs and maintenance, administration, on- and off-site management, utilities and advertising. Data is broken down by national figures as well as regions including East, Mideast, Northeast, Midwest, East North Central, West North Central, South, Southeast, Southwest, West, Mountain, and Pacific.
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