Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class
(in U.S. dollars)
Characteristic
Lower decile
Average
Upper decile
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Based on an aggregation of property data from approximately 1,200 properties totaling 15 billion U.S. dollars, or 4.2 percent of the estimated total market capitalization.Â
Citation formats
NOI per net rentable area of self-storage units in the U.S. 2023, by investment class
The net operating income (NOI) per net rentable area (NRA) of self-storage properties in the U.S. ranged between *** U.S. dollars and **** U.S. dollars in 2023. NOI per NRA is a measure of profitability and efficiency of the property. In the first half of the year, the average NOI per NRA for class A units was **** U.S. dollars, whereas class C units fetched an *** U.S. dollars, on average.
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Cushman & Wakefield. (August 28, 2023). Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars)." Chart. August 28, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. (2023). Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield. "Net Operating Income (Noi) per Net Rentable Area (Nra) for Self-storage Real Estate in The United States in 1st Half 2023, by Investment Class (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 Aug 2023, /statistics/1472368/noi-per-nra-self-storage-properties-usa/
Cushman & Wakefield, Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1472368/noi-per-nra-self-storage-properties-usa/ (last visited July 21, 2026)
Net operating income (NOI) per net rentable area (NRA) for self-storage real estate in the United States in 1st half 2023, by investment class (in U.S. dollars) [Graph], Cushman & Wakefield, August 28, 2023. [Online]. Available: /statistics/1472368/noi-per-nra-self-storage-properties-usa/
