Yardi Matrix increases new storage delivery expectations in 2024

Storage construction starts increased in the beginning of this year but appear to be plateauing. As a result, Yardi Matrix forecasts for new storage deliveries increased in 2024 and remained unchanged in the following years.

The forecast continues to assume that a combination of tight financial conditions and a mild downturn in the national economy will depress construction starts in the second half of 2023 through 2024. This will dampen completions in 2025 and 2026, with a rebound taking hold in 2027 and 2028.

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