Thursday January 30th, 1:00pm EST. Mark your calendars.
Expected oversupply and financial underperformance are causing a scare for owners of new storage facilities.
Portable units are filling a niche as operators are finding ways to maximize profits from their facilities.
Transacting today, more than ever, requires full understanding of a facilities fit within the market and submarkets.
So is it true that the once best-kept secret of self storage, is not much of a secret anymore?
Understanding the current development cycle, is it time to hunker down until the cycle bottoms out?
Are consumers really turning to more accommodating and accessible neighborhood storage over larger facilities?
But which city has the highest daily influx of residents? The self storage industry should take note.
The average monthly rent of a storage unit is $88.85. Thats a 2.5 percent decrease from the average price in 2017.
Relative to many other businesses in the broader economy, storage remains moderately resilient.