Day: April 28, 2023

Why Boat/RV Storage Is a Smart Venture for Self Storage Operators and Other Investors

The even better news is interest in boats and RVs doesn’t appear to be waning. In fact, the U.S. RV market is forecast to grow from a 2021 value of $55.9 billion to $87.98 billion by 2028, according to global market-research firm Fortune Business Insights Pvt. Ltd. In the past five years, more than 2.5 million RVs and 1.6 million motorboats have been registered in the United States.” A surge in boat and RV sales and a correlating need for vehicle-storage space has created fresh opportunities for investors from self…

Featured Broker: Luke Elliott

Luke Elliott is the Vice Chairman of the Cushman & Wakefield Self Storage Advisory Group. He is responsible for Private Client and Mid-Market assignments in the firm’s national footprint. The Self-Storage Advisory Group represents private clients, institutional investors, and other financial institutions by advising them on acquisition tactics and strategic disposition of self-storage assets. In 2021 alone the Self-Storage Advisory Team closed 84 transactions and 188 facilities, bringing the team sales volume to over $2.3 Billion. Luke joined Cushman & Wakefield in 2019, as part of a large-scale, multi-market team…