# Street rate

A term used when buying self-storage facility.

The advertised rate for a unit, usually discounted and below what tenured tenants already pay.

The spread between this and what tenured tenants pay is the operator's quietest lever, worked through periodic increases on existing customers. Whether the seller has used it decides which you are buying: untouched, it is real upside; freshly pulled, the improvement is already in the price you are being asked to pay. Ask when increases last went out and what the move-out rate was in the two months after.

Part of: Buying a Self-Storage Facility (https://searchspheresource.com/guides/buying-a-self-storage-facility)

Source: https://searchspheresource.com/guides/buying-a-self-storage-facility/terms/street-rate
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt