Self-Storage Real Estate: Understanding Unit Occupancy, Physical Occupancy, and Economic Occupancy
In my previous post, I discussed what I believe are some of the most important pros and cons of investing in self-storage real estate.
As with most real estate sectors, self-storage features some terms that are particular to this property type — specifically in how owners describe occupancy: Unit Occupancy, Physical Occupancy, and Economic Occupancy. Let’s review them: