What a US self-storage facility actually costs in 2026.
State-level $/sqft heatmap. Full unit-size matrix from the Public Storage 2026 published price guide. Q2 2026 10-Q figures for the three largest self-storage REITs (PSA, EXR, CUBE) direct from SEC EDGAR, plus NSA's final standalone quarter before its acquisition by PSA on 22 July 2026. Yardi Matrix April 2026 benchmarks. No affiliate links, no quote forms.
Map is schematic — anchored grid, not geographically accurate. Pricing source: SpareFoot industry statistics + Public Storage 2026 published price guide + Yardi Matrix April 2026. 35 unshaded states have no single primary-source 2026 figure publicly available. We do not fabricate.
Every standard unit size, climate vs non-climate.
National averages from the Public Storage 2026 published price guide. SpareFoot Feb 2026 cross-validates 10×10 within 5%. Climate-controlled premium nationally runs 20-30%; PSA's data shows a smaller premium because their owned mix skews to large-market climate-controlled product.
Source: https://www.publicstorage.com/blog/public-storage/the-complete-guide-to-storage-unit-prices-in-2026.html · Verified 2026-06-03.
Now the Big 3.
Public Storage completed its $10.5B acquisition of National Storage Affiliates on 22 July 2026 (announced March 2026; shareholders approved 14 July 2026). The combined company now operates over 4,500 self-storage properties and 327M rentable square feet, leaving three major public REITs. The NSA card below shows its final standalone quarter for the record. All figures are sourced from SEC EDGAR 10-Q / 10-K filings; click through to verify the line in the filing.
Q2 2026 revenue $1.23B (+2.6% YoY); same-store revenue declined 0.6% YoY and same-store NOI fell 2.2%, while average occupancy rose 20bps to 92.5%. Realized annual rent per occupied sqft $21.89 (down 0.8% YoY); move-in rents turned positive at +1.6% YoY, the first positive reading since 2021. Core FFO $4.17/diluted share. Facility count (3,584, 40 states) and 259M rentable sqft are the 30 Jun 2026 figures, before PSA closed its $10.5B NSA acquisition on 22 Jul 2026; the combined ~4,500 properties / 327M sqft will first appear on the Q3 2026 balance sheet.
SEC EDGAR ↗Q2 2026 revenue $874.2M. Same-store revenue +2.4%, NOI +3.5%; ending same-store occupancy 94.2%. Core FFO $2.15/diluted share (+4.9% YoY), 2026 outlook raised. Largest by total store count — 4,410 stores across ~341M sqft, of which 2,373 are managed for third parties or joint ventures.
SEC EDGAR ↗Q2 2026 same-store total revenue +0.8% YoY, same-store NOI down 0.7%; same-store physical occupancy 91.0%. FFO as adjusted $0.63/share. 662 wholly-owned stores (48.5M rentable sqft) plus 872 managed, 1,534 total. Revenue per sqft ($22.73) is the FY2025 10-K figure, not restated in the Q2 10-Q.
SEC EDGAR ↗Full operating portfolio: 1,061 properties (799 consolidated), 69.3M rentable sqft (51.1M consolidated), ~547,000 units across 37 states and Puerto Rico. Acquired by Public Storage under the March 2026 merger agreement ($10.5B); the deal completed on 22 Jul 2026, with each NSA share converting to 0.1400 PSA shares. Q1 2026 was NSA's final standalone quarter — it no longer trades as an independent REIT, and the 'big 4' is now the 'big 3'.
SEC EDGAR ↗What's driving the bifurcation.
Climate-controlled commands 20-30% premium vs non-climate nationally. In the Southeast (Birmingham, Huntsville, Jacksonville) the operating-cost component is higher because dehumidification runs year-round.
microflexspace.com ↗Boston leads US rent growth at +9.7% YoY because it has only 0.7 sqft per capita of self-storage — among the lowest in the country. Sunbelt cities with 8-10+ sqft per capita see negative rent growth.
www.yardimatrix.com ↗Phoenix and Sarasota-Cape Coral have 6.5% of existing inventory under construction and both show negative monthly rent momentum. Portland OR at 0.5% has supportive pricing dynamics.
www.yardimatrix.com ↗State-to-state migration hit 12-year low (~550k people) in 2025. Florida migration down 93% YoY, Texas / Georgia / Arizona down 50%+. Directly suppresses Sunbelt demand at the same time supply is delivering.
www.matthews.com ↗Subdued residential activity reduces the largest demand trigger — moves. The 4 Ds of storage demand (death, divorce, downsizing, dislocation) are all turnover-dependent.
www.matthews.com ↗