March 18, 2025

While the broader US economy continues to show impressive resilience in a rapidly evolving geopolitical landscape, evidenced by a stock market near all-time highs and sustained low unemployment levels, investors may be surprised to hear of the “minirecession” that the self-storage industry has wrestled with over the past 24 months. The sector experienced significant operational headwinds in 2024, challenging the industry’s reputed “recession-resilient” nature established over past economic cycles.