Q3 Self Storage Snapshot – Sterling CRE Research
An Overview of the Local and National Self-Storage Investment Marketplace in Missoula and Surrounding Markets
by Claire Matten, Advisor, Sterling CRE Advisors
Investors Look For Opportunity in Montana Self-Storage
Access to capital and financing for new development continues to be available, however there are signs in larger markets that development yields are tightening. Costs of construction, rising interest rates and a tightening labor market are driving the development costs. In addition to these factors, experts project rental growth rates will slow to more historical norms.