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flag A fire in Rochester, Mich., destroyed 80 storage units in Nov. 2025, highlighting safety concerns amid industry challenges.

flag In November 2025, the U.S. self-storage industry faced ongoing challenges from oversupply and weak demand, pressuring revenue growth for major operators like Extra Space Storage and Public Storage. flag A fire in Rochester, Michigan, destroyed 80 units, renewing concerns about safety and risk management. flag Despite these headwinds, industry activity remained strong, with multiple property transactions across states including Iowa, Florida, North Carolina, Colorado, Illinois, and New York, reflecting continued investor interest and consolidation. flag Automation and strategic acquisitions are helping operators adapt, while long-term industry resilience is being tested by shifting market dynamics.

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