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JLL managing director: Self-storage remains strong

The self-storage asset class is unlikely to experience a recession even though street-rate rents are dropping as new supply is built, according to Brian Somoza, managing director at JLL Capital Markets. "The sector has been recession-resistant because the demand for self-storage space is based on life events, such as marriage and divorce, renovating and relocating," he said.

Commercial Property Executive (12/11)

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