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Dallas self-storage rental rates fall third year in a row Dallas self-storage rental rates fall third year in a row https://www.recenter.tamu.edu/news/newstalk-texas/?Item=230882019-09-13T05:00:00Z2019-09-18T00:00:00Z

​​DALLAS – The local average rental rate​ for self-storage space will fall 2.1 percent to $0.95 per sf, marking the third consecutive year with an annual decrease in the average rent. 

According to Marcus & Millichap's second half 2019 forecast, the city will deliver over 1.78 million sf of self-storage space, falling short of the two million-sf completion benchmark surpassed each of the past two years.

Strong demand will compress the Metroplex vacancy rate to 8.7 percent, negating last year's ten-basis-point rise.

The report also forecasts a 2.8 percent increase in employment and 1.7 percent rise in population. 

Texas logoGet more DFW news on the Real Estate Center's website:

​​Source: Marcus & Millichap​

Marcus & Millichap
Dallas-Fort Worth-Arlington
Economy
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