December 22, 2024 12:17 am
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Valley apartment development driving this sector to new heights

By Angela Gonzales | Phoenix Business Journal

The construction boom of apartment units in metro Phoenix has spurred new development of self-storage units, according to a report by RentCafe.

Self-storage unit properties total 36.6 million square feet in the Valley, with 10 million of that delivered between 2012 and 2021 — representing nearly 30% of the total self-storage inventory.

Another 1.6 million square feet of self-storage space is in the pipeline to be delivered over the next two years, according to the report. 

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.