11/27/2019

Phoenix MSA Acquisitions & Development Brisk in Q3 of 2019

By Paul Boyle, Cushman & Wakefield, AZSA Member

Acquisitions

Closing out the third quarter of 2019, 7 self-storage transactions were recorded in Maricopa County. The sales featured 2 RV/Boat storage facilities and 1 Certificate of Occupancy sale, which brings the year-to-date total sales to 18 at an average per square foot price of $116.78 and unit price of $12,984.

Development

There were 11 new facility openings in the third quarter in Maricopa County. That increases the year-to-date total to 24, with an additional 31 under construction. Both of these figures are above the same YTD counts in 2018, when they totaled 16 and 27 respectively.

Contact Paul Boyle at paul.boyle@cushwake.com or (602) 224-4414.