Self Storage monthly spending tracker, June spend up +2.2% Y/Y in REIT markets

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Self Storage monthly spending tracker, June spend up +2.2% Y/Y in REIT markets

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Self Storage REITs

Self Storage monthly spending tracker,

June spend up +2.2% Y/Y in REIT markets

Industry Overview

Storage spending data updated for June 15 July 2026

We updated our storage spending data for June using BAC aggregated credit & debit Equity

card data. The data is based on the cardholders' location in 39 major MSAs which public United States

REITs have highest exposure to and the overall U.S. spending on the storage category, REITs

which includes self storage, and other categories such as farm and cold storage which

make up less than 1% of spend. Some of the data may come from centralized

processing locations, which may skew results in some locations. Self Storage data is the

predominant source of spending in the data set and given that storage is a local

business with customers living within a 3-5mi radius, we find this data to be

directionally helpful to think about fundamentals. See the latest BofA on USA report for

methodology, disclaimers & limitations regarding BAC card data. SamirResearchKhanalAnalyst

BofAS

June storage spend up +2.7% Y/Y, down -0.5% M/M +1samir.khanal@bofa.com646 855 1497

Storage spend in June increased +2.7% Y/Y, compared to May’s +1.7%. On a M/M basis Jeffrey Spector

storage spend decreased -0.5% vs +3.3% in May. For context, June ’15–’19 averages Research Analyst

pre-COVID were +10.8% Y/Y and +1.7% M/M. Recent management commentary +1 646 855 1363

suggested operating trends modestly exceeded expectations, supported by improving jeff.spector@bofa.com

move-in rates, stable top-of-funnel demand, and consistent customer behavior metrics. Daniel Byun

Research Analyst