DALLAS-FORT WORTH – The North Texas metro area has more than 9 million sf of storage space under development, according to a new report by Argus Self Storage.
The increase in storage space amounts to a more than 16 percent increase over existing supply.
That amounts to 164 projects under some stage of development in 2017: 49 planned, 82 under construction or awaiting certificate of occupancy and 33 facilities in the lease up stage.
The wave of self-storage development makes Dallas one of the most oversupplied storage markets in the country.
The report analyzed self-storage development in 35 metro areas.
Click here to see Argus's full Self-Storage Construction and Development Analysis.
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