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  "documentTitle": "CubeSmart | Investor Presentation Deck | 24 slides",
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  "notes": "The chart uses red bars for NYC boroughs and grey for other MSAs to emphasize the comparison.",
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      "text": "Square Feet per Capita - NYC Boroughs vs. Top 12 MSAs",
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      "text": "The supply outlook in the boroughs looks to be muted going forward as recent legislative changes that restrict self-storage from development in the IBZ industrial zones and exclude storage from eligibility for tax abatements under the ICAP program have increased barriers to entry",
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      "text": "Supply per capita in all three boroughs is less than half the national average as overall supply remains low despite deliveries from the recent development cycle",
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      "text": "Source: 2021 Self-Storage Almanac & CUBE internal market research",
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