What are the key elements that give self storage the extra edge for surviving tough economic times?
Having the ability to analyze demand is key in site-selection, so don't wait until its too late.
Self storage deliveries in H1 19 are on track for another record year! Check where new facilities are popping up.
There is now over 1.7 billion square feet of self storage space in the U.S., or approx. 5.4 square feet per person.
We are beginning to see a new wave of development in countries such as Thailand and the Philippines.
Capitalization rates for self storage facilities have stabilized over the previous three years.
Unless you have the years of expertise, a feasibility study by a self storage expert is highly recommended.
Generally, "other income" - retail sales, tenant insurance, etc. - ranges from 1-10% of storage unit rental income.
Typically, economic occupancy is 2% to 5% lower due to discounts and concessions.
Investors are forecasting lower growth rates (from 5%-8% to 3%-5%) than in recent past due to influx of new supply.