2025 Self-Storage Appraiser Bundle

The 2025 Self-Storage Appraiser Bundle is a discounted bundle that includes the 2025 Self-Storage Expense Guidebook and the 2025 Self-Storage Almanac.

• The 33rd edition of the 2025 Self-Storage Almanac features the most up-to-date data, trends, and analysis that self-storage owners, operators, investors, developers, and appraisers have come to rely on. Purchase this product only.

• Have you already purchased this book? Click here to access this content.

• The 2025 Self-Storage Expense Guidebook includes additional information on the operating expenses for self-storage properties. This is a digital-only product and is delivered as a downloadable PDF. Purchase this product only.

About the 2025 Self-Storage Almanac:

Make the most informed decisions about your business!

Developers turn to the Almanac because it gives the demand per person in the United States and then drills down to individual markets. Calculated by taking the total supply of rentable square feet of self-storage in the U.S. or market, multiplied by the average occupancy and divided by the population, the demand figures presented in the Almanac are used nationwide in feasibility studies and reporting on the health of the industry. They are widely seen as the most accurate figures available to the industry. The information is gathered from our data partner, Radius+.

The first edition of the Self-Storage Almanac was published in 1992 to help self-storage operators run their businesses more efficiently and to show that self-storage was evolving into a growing real estate asset class of its own. Since then, we've continuously expanded and improved the scope of information presented in the Almanac. Whether you are investing, building, operating, appraising, or managing self-storage facilities, the Almanac will provide you with the most current and comprehensive data, statistics, analysis, and trends in the self-storage industry.

Book Chapters & Page Numbers

• A Note From The Publisher | 9
• Regional Information | 11
• Contributions & Credits | 11

• 1 - Industry Data | 15
• 2 - Ownership | 21
• 3 - Self-Storage Supply Forecast | 31
• 4 - Economics & Demographics | 37
• 5 - Customer Traits | 51
• 6 - Smart Technology & Security | 61
• 7 - Occupancy | 67
• 8 - Rental Rates | 75
• 9 - Management | 97
• 10 - Marketing For The Modern Operator | 117
• 11 - Utilizing Self-Service Kiosks | 125
• 12 - A Growing Market: RV & Boat Storage | 133
• 13 - Market Conditions | 143
• 14 - The Overall Capitalization Rate | 149
• 15 - Self-Storage Valuation | 155
• 16 - Self-Storage Financing | 163

• Self-Storage Associations | 177

About the DIGITAL EDITION of the 2025 Self-Storage Almanac:

Purchasing a digital or combo edition of the 2025-Self-Storage Almanac grants the purchaser access to an online-only version of the book. We do not offer a downloadable version of this content.

MSM would like to recognize the following industry professionals for their invaluable contributions to the 2025 Self-Storage Almanac:

Radius+, our data partner since 2014 • Chris Sonne, Newmark Valuation • Adam Karnes and Shawn Hill, The BSC Group• Anne Mari DeCoster, DeCoster Consulting • Tammy LeRoy • Christine DeBord, Janus International• Poppy Behrens • Sarah Beth Johnson, Universal Storage Group • Lou Barnholdt , Universal Storage Group• Brad Hadfield • Kimberly Robinson, OpenTech Alliance • Tim Garey, Cushman & Wakefield• Erica Shatzer • Cindy Rivera, StorTrack • Doug Ressler, Yardi Matrix • Noah Starr, TractIQ

Cover photos courtesy of DXD Bristol Extra Space, Tiger Storage, StoreEase Self Storage, Extra Space Storage, Storelocal Storage Curtis, Green Storage Hamilton

This study, or parts thereof, may not be reproduced, copied, or transmitted in any form without prior written permission of MSM, which has received one-time reproduction permission from the sources referred to herein.

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All rights reserved • Copyright © 2025 • Printed in the U.S.A.
MSM • PO Box 608 • Wittmann, Arizona 85361-9997 • (800) 824-6864

More About the 2025 Self-Storage Expense Guidebook

Get the latest self-storage operating expenses!

This product is digital only.

For nearly 40 years, real estate professionals, investors, brokers, owners, managers, researchers, appraisers, governmental agencies, and market observers have turned to MSM’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 to bring you the latest self-storage operating expenses. The 2025 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 MSM. 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 on partner data. For additional self-storage data and statistics, we suggest that you look to the 2025 Self-Storage Almanac and the many other educational products offered by MSM. 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 include 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.