Research Reports
Explore data-driven research on real estate, housing, self storage, moving trends and economic forces shaping today’s markets.
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.
Should I Fix Up My Home Or Try To Sell It As Is?
An eternal real estate market question is whether it’s worth renovating your property before you try to sell it, or is it unnecessary to spend that money? According to the experts, a pre-sale renovation may pay off; however, due to higher and higher construction costs, the renovation might be pricey. At the same time, the question for buyers is whether it pays to buy a renovated home or is it better to renovate a cheaper property that could become a dream home?
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.
Urban Living Upstages Suburbia Even In Pandemic Year: LA, NYC Stand Out As Top Cities For Renter Interest
The rental market experienced significant disruptions last year, mostly due to the global health crisis, which caused changes in both lifestyle and housing preferences. Amid health, affordability, and employment concerns, 18% more renters changed residences in 2020 compared to 2019. According to our recent analysis of approx. 1.7 million renter applications, 69% of renters looked for housing in the same state, with the remaining 31% eyeing a different state for their new home.
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.
Tallahassee’s Self Storage Street Rates Among the Lowest In Florida
The self storage industry ended 2020 on an upward trend, showing more resilience than other real estate sectors in the face of pandemic-induced challenges. The national average street rate for a 10×10, non-climate-controlled unit stood at $118 this January, as Yardi Matrix data shows, representing a 4% growth year-over-year.
Yardi Launches Far-Reaching Rental Assistance Software Aimed At Helping Those Struggling Due To Coronavirus
Housing agencies across the country are currently involved in an unprecedented effort to provide federal emergency rental assistance to millions of struggling renters and landlords. The initial $25 billion COVID-19 relief program for renters is expected to get additional funding from Congress as the global health crisis continues to weigh heavily on the economy.
Boca Raton, Florida, Takes The Crown As Best 2021 Snowbird Destination
Millions of Americans and Canadians are heading south every year for a few months, in a quest to escape the harsh winters and bitter colds of America’s northern regions. Commonly known as snowbirds, they’re part of a long tradition – people started moving south for the winter back in the 19th century, with influential Americans such as Thomas Edison and Henry Ford maintaining winter homes in Fort Myers, Florida. Seasonal migrants are part of the engine that augments the economies of the Sun Belt and the Southern states and have become staples of local communities in places like Mesa and Yuma in Arizona and Clearwater in Florida.