The self-storage sector is favorably positioned for resilience and outperformance throughout cycles, as its fundamental demand drivers rely less on economic growth and more on demographics and life changes, says Nuveen in its recent insights post.
The U.S. self-storage sector has been a desirable property type throughout multiple real estate cycles.
The Asia Pacific self-storage sector is growing but remains relatively nascent compared to the United States and has bifurcated rental performance across different regional markets.
The European market for self-storage is very immature compared to the United States. Even in the more developed markets like Sweden and the United Kingdom, provision rates are only a small fraction of the United States.
