Articles

Top 5 Self-Storage Trends to Watch in 2024

Author: Margo Masserman The self-storage industry has been evolving rapidly, driven by changes in consumer behavior, technological advancements, and market changes. As we move into the 3rd quarter of 2024, several key trends are shaping the future of this sector....

Zachary Urow - July 2024

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The Rise of Mobile Self-Storage: Is It Here to Stay?

Author: Margo Masserman In recent years, the self-storage industry has seen a significant transformation with the emergence of mobile self-storage solutions. This innovative approach to storage offers unparalleled convenience and flexibility, appealing to a wide range of customers. But as...

Zachary Urow - July 2024

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How Economic Changes in 2024 Are Impacting the Self-Storage Industry

Author: Margo Masserman The self-storage industry has traditionally been resilient, even during economic downturns. However, recent economic changes are creating both challenges and opportunities for this sector. Understanding how these economic factors are impacting the self-storage industry can help business...

Zachary Urow - July 2024

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Maximizing Occupancy Rates: Proven Strategies for Success in the Self-Storage Market

Author: Margo Masserman Achieving high occupancy rates is a critical goal for any self-storage facility. Not only does it ensure steady revenue, but it also signifies a thriving business. However, with increasing competition and fluctuating market conditions, maintaining high occupancy...

Zachary Urow - July 2024

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Self Storage Market Recap

As the busy summer leasing season approaches, storage operators are remaining optimistic that existing customer rate increases will help new customers settle into in-place rates quickly, in addition to increasing street rates. Although the self storage REITs Q1 2024 results...

Zachary Urow - May 2024

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Self Storage Market Recap

The ISS World Expo and Toy Storage Nation Workshop took place in Las Vegas earlier this month. Here, presenters emphasized the challenges within the market including unclear pricing, difficulty obtaining financing, and plummeting street rates - particularly among the public...

Zachary Urow - April 2024

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Street Growth Update

Overview Self-storage owners and operators are cautiously optimistic for 2024, with occupancy and asking rates stabilizing after a period of rapidly decelerating growth. The transaction market is anticipated to pick up in the second half of the year. However, storage...

Zachary Urow - February 2024

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The Impact of New & Lease-up Supply

Overview Self-storage owners and operators are cautiously optimistic for 2024, with occupancy and asking rates stabilizing after a period of rapidly decelerating growth. The transaction market is anticipated to pick up in the second half of the year. However, storage...

Zachary Urow - February 2024

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Strongest Storage Demand Growth States

Storage Demand Growth States U-Haul's 2023 annual top growth states report highlighted shifts in migration patterns across the United States. Texas, for the third consecutive year, maintained its position as the #1 growth state. The Southeast had a very strong...

Zachary Urow - January 2024

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The Fed’s Looming Rate Cuts

Fed Recap The Federal Reserve decided to pause on increasing rates on December 13th, 2023 and to keep them between 5.25% to 5.50%. While the fight against inflation persists, the Fed anticipates initiating three rate cuts from March 2024. This...

Zachary Urow - December 2023

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The Fed’s Impact on CRE Values

Fed Recap The Federal Reserve decided to pause on increasing interest rates on June 14th, 2023. Since March of 2022, the Fed significantly increased the federal funds rate from 0.25% - 0.50% to 5.00% - 5.25%. The Fed wants to...

Zachary Urow - June 2023

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2022 Review and 2023 Outlook

2022 REVIEW Although commercial real estate transaction volume in 2022 was the second highest on record, it decreased by double digits in the latter half of the year compared to 2021’s transaction volume. 2021 had the highest transaction volume on...

Zachary Urow - February 2023

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