Day: May 5, 2025

Are You Ready for Rental Season?

While the last few years have been challenging for the self-storage industry, one of the most positive and productive results of the volatile economy and lower street rents is that it has forced operators to take a hard look at their management platforms, operating procedures, expenses, unit pricing, and how their properties compete within their respective submarkets. We have all learned to survive with lower revenue and NOI growth. Today, we are starting to see signs that self-storage fundamentals are bottoming. External source reports that advertised rental rates are nearly…

Featured Broker: Jared Jones, CCIM

Jared Jones, CCIM, specializes in self-storage brokerage and investment property brokerage. Jared earned a Marketing degree and MBA from Pittsburg State University and achieved his Certified Commercial Investment Member (CCIM) designation in 2010, a highly respected designation earned by 10% of commercial real estate professionals. Dating back to 2007, Mr. Jones’ clients include publicly traded companies, developers, financial institutions, high net worth individuals, and private REITs. Mr. Jones specializes in self-storage investment brokerage with a primary focus on advising institutional, private equity and individuals in the acquisition and disposition of…

Recent Self-Storage Transactions: 04.29.2025 – 05.05.2025

This past week’s transactions reflect steady investor demand across Texas, Utah, and New York, focused on stabilized assets in secondary and suburban markets. The sale of Overflow Garage in Corpus Christi reflects continued interest in high-growth Texas metros. At the same time, Moove In’s acquisition in Hudson Valley, New York, strengthens its presence in the Northeast – a region marked by limited supply, strong household incomes, and consistent storage demand. Overall, the transactions point to a measured investment strategy prioritizing operational upside and/or expansion potential with strong long-term performance fundamentals.…

Self-Storage Units and Micro Appartments Development Planned in Downtown Santa Barbara, CA

Santa Barbara’s downtown is changing into a neighborhood of small apartments and micro-units, a shift that has created a sudden new need: Storage Units. The Santa Barbara Planning Commission recently approved a complex lot split, transfer of development rights and a development plan to build 760 storage units and 44 micro-units across a city block downtown. “There’s a tremendous undersupply of self-storage,” said developer Greg Reitz, principal of REthink Development. “About three times as much self-storage is needed in downtown Santa Barbara than is currently provided.” The project calls for…