Self-storage in Florida.
2026 market data, supply context, dominant cost driver. Sample metro: Port St. Lucie.
What this state's storage market is doing.
Florida is the cohort's PRIMARY OVERSUPPLY market. State $/sqft median not separately published but supply per capita is highest in the country (~7.1 sqft). Port St. Lucie +4.1% YoY (one of the few FL markets growing); Cape Coral -8.7% YoY (deepest decline in the cohort).
Supply per capita and pipeline.
Florida storage supply per capita is the HIGHEST in the country at ~7.1 sqft. Multiple metros are oversupplied with active construction pipelines. Florida migration is down 93% YoY in 2025 per US Census — demand is decelerating fast.
What the markets in this state look like.
Miami, Orlando, Tampa-St. Petersburg, Jacksonville, Cape Coral, Port St. Lucie. Cape Coral specifically is one of the deepest rent declines nationally.
What's structurally setting the rent.
Supply pipeline + migration deceleration. The double-hit dynamic that's pulling Florida rents down materially through 2026.