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2019 self-storage delivery Cowtown's largest since early 2000s2019 self-storage delivery Cowtown's largest since early 2000shttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=230872019-09-13T05:00:00Z2019-09-17T22:00:00Z

​​​​​FORT WORTH – This year's local self-storage delivery of nearly 1.07 million sf will be the metro's largest since the early 2000s.

According to Marcus & Millichap's second half 2019 forecast, vacancy will tighten​ 8.7 percent at the end of the year, negating the ten basis point rise posted last year.

Despite strong demand, the average self-storage asking rate will decline to $0.94 per sf, a slowdown from the 5 percent decline in 2018. 

The report also forecasts increases of 2.8 percent and 1.7 percent in employment and population, respectively. 

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​​Source: Marcus & M​illichap​​

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