Business & Economy
Keep up with data-based stories exploring consumer spending trends, real estate development and other economic indicators.
10 Reasons Why Investing In A Self Storage Business Is A Great Idea
Many people are attracted to the prospect of owning real estate due to this sector’s consistent returns on investment. Real estate investments can be categorized into different types, from rental properties and self storage businesses to commercial buildings and raw land.
The Most Active Real Estate Markets In The Last Decade: Development Fired Up In The US, With Texas Metros At The Forefront
America’s real estate landscape is constantly evolving, with every major city across the US having seen its fair share of real estate development in the last 10 years. But which sectors are booming, and which markets are the most active in terms of new construction?
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.
2020 Self Storage Facility Sales Activity: Sales Slightly Down But Prices Still Rising
Like other real estate sectors, the US self storage industry experienced the ups and downs of 2020. However, by year end, it eventually proved that the reputation it had built for itself during the last recession as a resilient sector is still valid. Adjustments indeed had to be made, with both concessions and extra safety measures adopted by most operators to ensure close-to-normal operations. But demand continued to be strong, emerging from both traditional sources associated with life-altering events like moving and downsizing as well as new ones such as businesses which needed to re-organize work environments. This allowed the industry to ride out the pandemic-induced challenges better than most.
Online Procedures And Fewer Vacates Keep San Diego Self Storage Buoyant
San Diego boasts not only a great climate and the world’s largest naval fleet, but its diverse and advanced industries keep the economy comparatively buoyant. Anyone moving here to take advantage of this — and San Diegans who want to maximize their lifestyles — can benefit particularly from the self storage in the city, so we talked to a local provider to see how they can help.
Chicago Self Storage Sees More Suburbanites And RVs
Chicago, famously the Windy City, weathers all manner of circumstances with its can-do attitude. And the local self storage sector is there to help too, whether residents need to move to a new home, perhaps to downsize, or simply to store precious belongings in an economical manner. We asked a leading self storage provider to tell us how the industry in the city is doing right now.
Austin TX Self Storage Adapts And Stays Strong
Austin offers many advantages to its residents, and its strong economy and job market have encouraged its self storage sector to grow over the years. To find out how the industry is doing in the city right now, we asked a leading local self storage provider. They explained how they have adapted to the challenges presented by the current pandemic, enabling them to successfully respond to customers’ changing needs.
How To Start Out In Self Storage
Entrepreneurs look for projects which tick several boxes, giving good return on investment, financial security, flexibility, and some enjoyment as well. The self storage sector can provide all of this, particularly right now when other sectors may not be so suitable. And if that wasn’t enough good news, it’s also an industry which is not so difficult to start out in.
Average Home Size in the US: New Homes Bigger Than 10 Years Ago but Apartments Trail Behind
During these last few months, we spent more time inside our homes than probably at any other point in our lives, and the size of our residences became all-important. The COVID-19 pandemic will probably have a long-lasting impact on how Americans – and the whole world for that matter – live and work.
10 Of The Biggest Home Improvement Stores In The US And Where They Were Born
Home improvement stores carved out a unique path for themselves among American consumers by providing quality products for home remodeling projects and also passing on the know-how for turning said projects into reality.
New Construction Booming in NYC: 20 Self Storage Properties to Be Delivered This Year
The self storage industry has remained relevant during the COVID-19 pandemic, because it addresses an urgent need of consumers — from families who suddenly needed more space in their homes, to businesses that have had to re-organize and put equipment in storage.
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