Here’s an interesting report we’ve never posted about. Yardi recently started a new report about the RV & boat storage sector, drawing on their database of nearly 2k, dedicated RV & boat storage properties and more than 15k traditional self storage properties that offer parking for rent.
According to the report, advertised rental rates for parking units have grown incrementally since February but were down 0.4% year-over-year in June 2024, as demand for new RV and boat sales dropped
after annual new supply reached an 18-year high last year. However, they say the sector has outperformed
traditional self storage, where rents declined 4.9% in June and rate declines have worsened
in recent months.
Click here to read the full report at Yardi.
