News:
Owners Developers & Managers
Posted: April 6, 2026
Marcus & Millichap publishes 2026 NYC Self-Storage Investment Outlook Report
Manhattan, NY Marcus & Millichap has published its 2026 New York City Self-Storage Investment Outlook Report.
“New York remains a supply-constrained market, and that continues to support pricing. At the same time, slower job growth and population losses are showing up in demand, so performance is becoming more asset-specific,” said John Horowitz, executive managing director and chief revenue officer, Northeast division.
Key findings include:
• Development remains constrained by high construction costs and limited land availability, keeping new supply below the metro’s historical average.
• Deliveries will be concentrated in Manhattan, Brooklyn, and Queens, while the overall pipeline remains subdued relative to prior cycles.
• Metrowide vacancy is expected to rise modestly to approximately 8.4%, reflecting softer space demand.
• Job growth is slowing to below 1%, with weakness in key sectors likely to carry into 2026 and temper demand.
• Net out-migration and a declining 20- to 34-year-old population are reducing a primary source of self-storage demand, while rent performance varies by borough based on new supply.
“Even with vacancy moving higher, this remains a tightly supplied market. New development is limited, and that is helping moderate changes in vacancy and rent across the metro,” Horowitz said.
MORE FROM Owners Developers & Managers
It’s time to move from tragedy to solutions - by Joseph Aquino
A young man lost his life. His family lost a son. Nothing should minimize that tragedy. But before New York rushes to eliminate an industry that has been part of the fabric of
Quick Hits
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt
In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt
The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan
In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin
If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).