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Self-Storage Construction Expected to Spike in San Diego This Year

Analysts: Several US Cities Likely to See Rise in Demand Spurred by Job Growth
Big recent self-storage transactions in the San Diego area included the $18 million acquisition of this newly built facility in Escondido, California, by SmartStop Asset Management. (SmartStop)
Big recent self-storage transactions in the San Diego area included the $18 million acquisition of this newly built facility in Escondido, California, by SmartStop Asset Management. (SmartStop)
CoStar News
February 19, 2020 | 10:14 P.M.

Spurred by formation of new households in the midst of steady job growth, this year’s new construction of self-storage units in San Diego is expected to double the square footage constructed in 2019, according to an investment forecast from brokerage Marcus & Millichap.

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