Queens topped the U.S. in self-storage investment sales last year, with $101.3 million in transactions across 261,000 square feet of facilities, according to StorageCafe. Limited land and tough approval processes made acquisitions more attractive than new builds. Nationwide, $3 billion in self-storage properties changed hands, including Hines’ $91 million purchase in California. Brooklyn ranked fourth in the U.S. with $60.1 million in sales; Manhattan trailed with $17 million. Prime Group Holdings led all investors with $264 million in acquisitions, followed by Carlyle Group and StrategicREIT with $178 million and $131 million, respectively.
Queens topped the U.S.
