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Self-Storage Facility Term

Street rate

The advertised sign-and-web rate for a unit, routinely discounted with specials and held below the higher rates a facility charges its existing, tenured tenants.

The spread between street rates and what tenured tenants pay, pushed through existing-customer rate increases, is a storage operator's quietest lever, and whether a seller has used it is upside or a sign the book is maxed.

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