Self storage deliveries in H1 19 are on track for another record year! Check where new facilities are popping up.
The Benefits of Conducting a Market Study
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.
The New Frontier
We are beginning to see a new wave of development in countries such as Thailand and the Philippines.
Determining a Reasonable Capitalization Rate
Capitalization rates for self storage facilities have stabilized over the previous three years.
How to Develop Your First Self Storage Facility with Only $500K Cash Equity
Unless you have the years of expertise, a feasibility study by a self storage expert is highly recommended.
The Single Most Important Way to Valuate Your Self Storage Facility
Generally, "other income" - retail sales, tenant insurance, etc. - ranges from 1-10% of storage unit rental income.
What is True Economic Occupancy?
Typically, economic occupancy is 2% to 5% lower due to discounts and concessions.
The Most Popular Method to Determine the Value of Your Facility
Investors are forecasting lower growth rates (from 5%-8% to 3%-5%) than in recent past due to influx of new supply.
What You Need to Consider Before Developing RV and Boat Storage
What makes this type of storage unique is that there are no specific demand indicators.
Know the Benchmark for Determining Your Facility's Expenses
The biggest expense impacting facility value is real estate taxes. Nationwide, product can range from $30-$400/SF.
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