TSSA is pleased to announce that the results of its sixth annual market survey are now available!  The 72-page report with exclusive market data not available elsewhere contains analysis and commentary by Ray Wilson, MAI, CRE, principal for Self Storage Data Services.

TSSA hired Wilson for his independent analysis of data based upon 583 responses from owner/operators to provide industry benchmarks for self-storage development and lending. The study creates a market snapshot for each of the MSAs, plus an overview of the Texas market as a whole.

Data is compiled for each of the 26 largest Metropolitan Statistical Areas in Texas, with a summary for rural markets. The study compiles information gathered from known facilities in the state to reveal key inventory characteristics, such as:

·         total number of units
·         total square feet available for rent
·         average facility size, and
·         average unit size for today’s typical Texas self-storage facility
·         number of facilities offering concessions, promotions and discounts
·         average asking rental rates for each of three different unit sizes, both climate and non-climate controlled.

The Texas Self Storage Market Survey is an important report for anyone in the financial and capital markets who regularly make, rate, or analyze investments in the self-storage industry. This report is a must for developers, lenders, owner/operators, brokers and appraisers interested in the Texas self-storage market.

The survey is available for purchase at the low member price of $100; non-members may purchase the report for $300.

For questions about this report or other TSSA publications, call 888-259-4902.