Portland, OR Is the Fastest Growing City in The United States for Self-Storage Construction
Thanks to recent data from STORAGECafe, we know that Portland, Oregon is the top city in the United States for self-storage construction.
Anyone who has followed the growth of the PDX rental market in recent years knows that this data directly correlates to the growth that we’ve been seeing in recent years.
Thankfully, as more people have been relocating to Portland Oregon, more storage units are being built in the PDX area to accommodate the needs of the booming local population.
About Self Storage in Portland Oregon
More self-storage options in the PDX area is a good thing for new people relocating to the PDX area who need storage options fast because it’s not uncommon for some people to place their household items in storage until they find a rental property.
The self-storage industry in the Portland metro area is following a trend that, at first sight, seems rather contradictory. While street rates for self-storage are declining, the proportion of planned and under- construction projects remains one of the highest in the nation.
New self-storage construction in Portland, expressed as percentage of existing inventory, was consistently over 20% and even close to 30% for much of the time dating back to the spring of 2018, according to data from Yardi Matrix.
Contact Rent Portland Homes – Professionals
Planning on relocating to Portland, Oregon? We have properties available for rent all over the PDX area. Our property management team can assist you in finding the perfect rental that’s close to work, school, restaurants, amenities or anything else that will make for the perfect Portland experience for you.
To learn more about the property management services we can offer you, or to view rental properties in the Portland area, contact Rent Portland Homes – Professionals by calling us at (503) 447-7735 or click here to connect with us online.