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Self-storage REIT demand may increase on eastern seaboard after hurricane Sandy
Experts predict that demand for self-storage will drive revenue growth in first half of 2013

October 31, 2012
- Self- storage facilities in New York and New Jersey would see the biggest effect. Though the self-storage REIT sector is underperforming compared to RMS (overall REIT index), it is predicted to improve over the period of time.

www.cnbc.com reports:

"Demand for self-storage rises considerably as homeowners, contractors, and local suppliers set about preparing for reconstruction,” note analysts David Toti and Gaurav Mehta of Cantor Fitzgerald.

Experts David Toti and Gaurav Mehta also predict that Sovran Self Storage will see 24% growth in demand in coming year. More and more Americans move and various companies begin to lease once again.

Source: www.cnbc.com