Why Self-Storage Is a Smart Buy in 2022
Over the last decade, the self-storage industry went through a construction boom, with record-breaking construction activity year after year until peaking in 2019. During that time, it made a name for itself as one of the top-performing commercial sectors in the industry today.
2021 was a great year for self-storage, and it appears 2022 will be another strong year for investors. While there may be some setbacks in 2023 and beyond to consider, here's a closer look at why self-storage is a smart buy for long-term growth investors.
Ease of trading and the access real estate investment trusts (REITs) give investors to high-quality, institutional-grade assets make REITs one of the most popular ways for investors to diversify into real estate. Within the REIT industry, the self-storage sector has produced an annualized return of 16.54% since 1994, the highest return on average of all REIT sectors during that period and an over 6% higher return than the S&P 500. And that performance includes several notable downturns, including the dot-com bubble, the Great Recession, and most recently, the global pandemic.
Source Fool.com