Commercial Real Estate Market Report: Self-Storage in Los Angeles County, CA

Market Overview
The Los Angeles self-storage market showed signs of stabilization in Q1 2024 after experiencing some softening in 2023. The market vacancy rate held steady at 11.6% compared to Q4 2023, while asking rents declined slightly by 0.5% quarter-over-quarter to $234 per unit. Despite recent challenges, Los Angeles continues to outperform the broader Western region, which had a higher vacancy rate of 11.9% and lower average asking rent of $178 per unit in Q1 2024.

Full Market Report: d2saw6je89goi1.cloudfront.net/uploads/digital_asset ...

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Just Sold for $13,800,000. Listed and Sold by Stephen Grossman. Glendale-70,000 sqft self-storage facility with over 700 units after conversion completion.

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