Kris Bennett shares his thoughts on the future of self storage, as well as tips on how to keep up with the sector
It’s easy to categorize self-storage as just another piece of real estate. But that simply isnt true.
Spending time and energy improving economic occupancy “bottom line” is most important, more than physical occupancy.
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?
But which city has the highest daily influx of residents? The self storage industry should take note.
Relative to many other businesses in the broader economy, storage remains moderately resilient.
We all know valet service is an increasingly popular element for millennials, but what other trends have emerged?