Rental of Miniwarehouses and Self-Storage Units Space for Lessors of Real Estate, All Establishments, Employer Firms
LOREROMASUS45311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,060.00
Year-over-Year Change
76.13%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the rental space for miniwarehouses and self-storage units leased by real estate lessors. It provides insights into the demand for these facilities and the commercial real estate market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The rental of miniwarehouses and self-storage units is an important component of the broader real estate leasing industry. This data series tracks the total rental space for these facilities, offering economists and policymakers a view into the health and trends of this segment of the commercial real estate market.
Methodology
The data is collected through surveys of real estate lessors and employers.
Historical Context
This trend is closely watched by analysts to gauge commercial real estate activity and consumer storage demand.
Key Facts
- Rental space for miniwarehouses and self-storage units totaled over 1.7 billion square feet in 2021.
- This industry has seen steady growth over the past decade, reflecting rising consumer and business demand for storage.
- The self-storage sector is a key part of the broader commercial real estate market, valued at over $30 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total rental space for miniwarehouses and self-storage units leased by real estate lessors in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial real estate market and consumer demand for storage facilities, which are important indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate lessors and employers in the miniwarehouse and self-storage industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of the commercial real estate sector and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent market conditions.
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Citation
U.S. Federal Reserve, Rental of Miniwarehouses and Self-Storage Units Space for Lessors of Real Estate, All Establishments, Employer Firms (LOREROMASUS45311), retrieved from FRED.