Storage Pros’ Hub
Discover original reporting and exclusive stories on the self storage and industry insights combining original data and industry insight.
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.
Simply Self Storage expands Texas portfolio with over 4K new units
Simply Self Storage announced, Oct. 6, the strategic acquisition of eight properties in Texas as part of their plan to continue investing in high-growth sub-markets with consistent growth potential and favorable demographic trends. The deal consists of seven self storage properties in Houston and one in Dallas, accounting for more than 680,000 net rentable square feet. Simply Self Storage thus expands its offerings within these markets and continues to provide customers with more diversified and customizable solutions for their storage needs and preferences.
Storytelling Is A Great Device For Marketing Self Storage
Storytelling is a useful and exciting tool for marketers, including for promoting self storage. The reasons you should use storytelling for your brand include making it unforgettable, targeting its audience more effectively, and giving it a personal touch. The result of using storytelling to market your self storage business is the creation of a narrative that wins out in the marketplace.
10 Effective Steps To Nail Your Social Media Strategy For Your Self Storage Business
There are many variables that go into the management of your self storage business. From monitoring your transactions to tracking which storage unit sizes are the most in-demand, having an effective online marketing strategy is just another way self storage businesses can boost rental rates and revenue. There are a lot of social media platforms out there that people count on for seeking out services, including self storage. Your goal is to make sure you can establish yourself online as a trusted brand that will attract future customers. If you’re not sure how to tackle this task, we’ve prepared a couple of tips to help you get started on your social media marketing journey.
Best Practices For Disinfecting Storage Spaces
Some property managers have a storage option for residents at the multifamily buildings they manage, and some may run actual self storage facilities.
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.
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.
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.
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.
How Much Does Self Storage Really Cost? A Breakdown By States And Cities
The self storage industry continues to expand in the United States, answering customers’ needs for safe and affordable storage space. Yardi Matrix data shows that there are currently about 1.4 billion square feet of self storage space in the US, and about 190 million square feet, or around 13%, were built over the last five years alone.