Barbara Denham, Economist with REIS, a firm that provides structured and quality assured commercial real estate data including 30 years of commercial real estate market research and economic analyses. discusses how a 1.25% increase in CAP rates (capitalization ratio) could impact the self-storage property market, what is means for valuation and overall property performance. The conversation, basically a supply versus demand outline, covers supply of self storage properties, noting over-development in recent periods, and trends in multifamily given its direct effect on demand for self storage units.