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New York City Self Storage Sees Outflux, Influx And The Nation’s Highest Growth
New York’s self storage sector satisfies local requirements in both the central and outlying areas, and was on hand during recent surges of moving activity. In terms of the space it provides per capita it lags behind other large US metros, but considerable development is underway to answer the needs of new, often younger, residents. The health of the local self storage sector is confirmed by activity in the marketplace: it saw a greater volume of transactions in 2020 than any other US city — almost half a billion dollars, most of it in Brooklyn — with street rates that, while not the nation’s fastest-rising, are steady right now.
Investing In Self Storage In The Wake Of The Pandemic
Self storage proved itself again to be a reliable sector during challenging times. With people downsizing, companies giving up physical premises and college kids not on campus, self storage adapted, widened its customer base and gained even more public appreciation. But can it profit from these advantages going forward and continue to be a good option for investors?
Public Storage Acquires Quality Facilities In Dallas-Fort Worth For $1.5B
Public Storage announced on November 1 its acquisition of 56 facilities from All Storage for $1.5 billion, accounting for 7.5 million net rentable square feet. 52 of them are in Dallas-Fort Worth, Texas. Public Storage is the largest self storage brand in the US — and the world — and this deal follows hot on the heels of Simply Self Storage’s recent acquisition of storage facilities in Houston and Dallas.
Florida Will Always Be Florida For Snowbirds But Metro Phoenix, AZ, & TX Rival Traditional Coastal Resorts
The traditional type of snowbird has longtime favored Florida, and for good reason. The Sunshine State certainly offers warmth and endless miles of gorgeous sandy beaches as well as countless golfing options. But as the mix of people who travel south during the colder season changes, there’s more diversity in where they might be headed this year.
Yardi’s Homeowner Assistance Fund Software Helps Mortgagees Affected By COVID-19 Get ARP Funds
The American Rescue Plan (ARP) has assisted renters impacted financially by the COVID-19 pandemic, and now it is also helping mortgagees with its Homeowner Assistance Fund (HAF). HAF software can make the whole process easier for both agencies and mortgagees, and Yardi’s integrated Mortgage Relief platform provides just that: a secure, incorruptible solution to check applicant eligibility, view financial data and pay out money efficiently.
The Self Storage Industry Moves Forward In The Wake Of The Pandemic
Self storage has been an essential service during the COVID-19 pandemic, with storage facilities staying open while other amenities closed. The industry successfully adapted and implemented new, efficient procedures. And as pandemic restrictions ease, it may well emerge with its reputation reinforced and its customer base expanded.
The Benefits Of Renting Self Storage For Seniors
Being a senior citizen is a period of one’s life where one can settle down and retire. Enjoying the remainder of your adult life as much as you can with the fruits of your labor is the main agenda for most older people. Of course, this might entail having fewer material possessions, but for some it can be too difficult to let go of certain things.
10 Fresh Trends In Self Storage Facility Design
The self storage industry’s rapid expansion across the nation has gone hand-in-hand with its increased appreciation of architecture. This has resulted in construction trends ranging from multi-level buildings with modern architectural elements to imitation of older styles, and some rather unusual motifs have also been added into the mix.
Finding Storage For 10 Hard-To-Store Items When You Have A Tiny Home
Many people find themselves short of space at home, particularly if they share it with family or have had to downsize. And while some things are easy to store around the house, and everybody knows where to find them, you might find that other items are more difficult to place, perhaps because they are eyesores or are very large. For these, renting a unit in a self storage facility can be a good option.
Denver Self Storage Street Rates Up 6% Despite Increased Competition
The Mile High City has been a high flyer for a while, offering great attractions plus employment prospects to anyone making it their home. And in response to a population increase of more than 21% between 2019-2020, the Denver self storage sector has grown. We asked a local operator about the state of the industry there, and they told us about stiff competition but also about the worth of compassion and a variety of services at this time.
Top 10 Most Popular US States For Gardening
Among other things, 2020 was a year of discovery. The shelter-in-place orders, combined with the social distancing measures put in place in every state, pushed people to find new ways to spend their time. One such activity is gardening, a hobby that became more popular at the beginning of the pandemic, and it looks like it will continue to be.