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.
The biggest expense impacting facility value is real estate taxes. Nationwide, product can range from $30-$400/SF.
What makes this type of storage unique is that there are no specific demand indicators.
Opportunity zones have the capability to be both profitable and beneficial, but they're difficult to come by.
Very dense areas, such as Manhattan, may only require a trade area of one mile!
Keep in mind, though, that if there are issues with the facility, the current manager could be contributing to them.
If you are 100% occupied, this does not necessarily mean that you are profitable as a business.
Valuation can be necessary for buying, selling, refinancing, estate planning or challenging a real estate assessment.
More than 600 deliveries in the top 50 markets. Checkout the infographic to see which regions were the biggest movers.