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31 Mar, 2020
Analysis | News
Prediction: 2020 Will be Another Big Year For Self Storage
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Written by Beth Mattson-Teig

Beth has been working as a freelance business writer & editor for 20+ years. Her specialty is commercial real estate and capital markets, but she also covers a variety of business topics. She write articles for national publications, as well as work as an independent contractor on B2B projects, such as white papers, web content, ghost written articles and RFPs.

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This story originally published on Sparefoot.com.

https://www.radiusplus.com/keyword/cushman & wakefield’s https://www.radiusplus.com/keyword/self-storage Advisory Group is coming off a busy year, brokering $412 million in property sales nationally. The SpareFoot Storage Beat recently spoke with Mike https://www.radiusplus.com/keyword/mele, vice chairman and group lead to hear about what drove that growth, as well as his views on what’s ahead for the self-storage investment market in 2020.

What were some of the factors driving sales for your group last year? https://www.radiusplus.com/keyword/mele: We have a lot of long-term relationships. We also did a couple of large deals that accounted for a large chunk of that volume. The main thing is that there is just a tremendous amount of money out there chasing deals. That is driving the prices and driving a really high number of transactions, not just with us, but for almost everyone out there.

According to https://www.radiusplus.com/keyword/real capital analytics, 2019 sales increased 9% year-over-year to $5.6 billion. What do you think is in store for 2020? Is there good momentum ahead for https://www.radiusplus.com/keyword/investment sales? …

The keywords generated are: ‘self-storage’, ‘cushman & wakefield’, ‘mele’, ‘real estate’, ‘investment’, ‘supply’, ‘demand’, ‘development’, ‘storage market’, and ‘capital analytics’. The above section is the how the article can be edited using hyperlinks to these keywords.