South Florida Dominates Self-Storage Market in Q1, Report Says

(7/21/25)  When you think of South Florida real estate, what comes to mind? Luxury homes? Downtown apartments with fabulous views?

Consider adding self-storage to your vision. After all, according to a quarterly sales report released by StorageCafe on July 15, two Broward County cities – Davie and Plantation – made the top 10 list for national self-storage sales volume in the first quarter of 2025.

Davie claimed the top spot on the list with a $36 million transaction for a 163,000-square-foot portfolio – the largest single self-storage deal in the entire country during the quarter.

Plantation ranked ninth nationwide, boosted by a $21 million sale. But the real story is scarcity: With just 1.7 square feet of storage space per person, Plantation is one of the most undersupplied markets among the top 10 cities on the list.

“Population growth is a key driver of South Florida’s strong performance,” said Victor Maghear, the lead analyst behind the StorageCafe study. “Cities like Davie and Plantation are among the fastest-growing in the state, fueling demand and enhancing pricing power across the region.”

Maghear said that South Florida is one of the most supply-constrained, yet value-rich, real estate markets in the United States. The region has been slow to add new storage inventory, and investors are actively competing for existing stock, thus driving up prices.

To read the full StorageCafe sales report for the first quarter of 2025, visit https://www.storagecafe.com/blog/self-storage-sales-q1-2025.