With self-storage supply pressure easing, the pace of advertised rate declines for the sector has continued to slow. Across the country, advertised rates were down 1.2% year over year in January, with annualized average rent per square foot of $16.32 for all unit sizes and types. This represents an improvement from a decrease of 2.2% in rents in December and a 2.4% decrease in November, according to Yardi Matrix’s February national self-storage report. 

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