Self-Storage Market Update – Spring 2025: By, Tom de Jong, Executive Vice President with Colliers International and Principal of the de Jong I Becher Self Storage Team

Recently I had the pleasure of moderating a panel of some of the top players within the self-storage space nationally, from REITs to small operators, developers, a general contractor and several lenders. To start 2025 the operators commented that tenants have become stickier – allowing the implementation of multiple rounds of ECRI’s (Existing Customer Rate Increases), helping increase overall portfolio incomes. While the early leasing season is showing promise it still lags well behind the peak years of 2021-2022 and is slightly below the pre-COVID years but markedly improved over…

White Label Storage Attains Google Partner Status

We are thrilled to be recognized as a Google Partner. This achievement is a reflection of our marketing team’s expertise and relentless pursuit of delivering exceptional results for our clients. As a Google Partner, we are even more equipped to help self-storage facilities drive growth, increase occupancy, and maximize their return on investment.” – Liisi Fall, Director of Marketing at White Label Storage White Label Storage, a leader in third-party management for self-storage businesses, has officially earned Google Partner status. This achievement is a significant milestone for the company and…

Recent Self-Storage Transactions: 03.04.2025 – 03.10.2025

This past week’s self-storage transactions highlight sustained momentum, with activity spanning established urban centers and rapidly growing suburban markets. Key deals include an institutional portfolio acquisition in Chicago, suburban expansions in Texas, and a major retail conversion in Irving, reflecting a broader shift towards high-growth, underpenetrated markets. These transactions underscore self-storage’s strong fundamentals, with investors focusing on prime locations, cost-effective operations, and assets with long-term growth potential.     Property: Huffman 2100 Storage Location: Huffman, TX Address: 23000 FM 2100, Huffman, Texas Year Built: 2018 (35% of the facility was…

New Rendering Released for Upcoming Self Storage Facility in Hell’s Kitchen, Manhattan – New York City, NY

A new rendering has been released for 609-615 West 46th Street, a forthcoming 14-story SecureSpace self storage facility in Hell’s Kitchen, Manhattan. Designed Mancini Duffy and developed by Insite Real Estate, the 135-foot-tall project will yield 109,658 square feet. The property comprises two interior parcels spanning 9,775 square feet between Eleventh Avenue to the east and the Hudson River Greenway to the west. The main rendering depicts a rectangular structure with copper and black metal paneling surrounding a grid of narrow windows with dark metal spandrels. An upper setback spans…

HelloSpace+ @ FM 1044, a Premium Self-Storage Facility, Opens in New Braunfels, TX

UPG Spaces is excited to announce the opening of HelloSpace+ @ FM 1044, a premium self-storage facility located at 1954 FM 1044 in New Braunfels, Texas. This state-of-the-art property, opening its doors in March 2025, invites residents and business owners alike to enjoy its “Best Space. Best Price. Best Service.” amenities. “We understand that business or personal self-storage needs must be met quickly and conveniently upon demand,” stated Julie Farrar, President/CEO of UPG Spaces (United Properties Group, Inc.) With approximately five hundred units completed in Phase 1, this new technology-focused…

First Flight Storage Expands with 92 New Self-Storage Units in Goldsboro, NC

First Flight Storage, a trusted name in secure and accessible storage solutions, is proud to announce the expansion of its Goldsboro, NC self storage location at 185 North Carolina 581 S, with the addition of 92 brand-new self-storage units. This expansion addresses the growing demand for convenient and secure storage options in the area and includes a variety of unit sizes — 10’x10’, 10’x15’, and 10’x20’ to meet the diversity of storage needs and budgets. All units feature 24/7 security and drive-up access, allowing customers to easily load and unload…

New Self-Storage Facility Proposed to Replace Lyon Park Office Building in Fargo, ND

A five-story storage facility is proposed to replace a brick office building in Lyon Park. The Lock Up Self Storage has filed plans to rebuild the headquarters of the National Association of Federally-Insured Credit Unions as a storage facility with 5,580 square feet of retail space. The current building at 3138 10th Street N. was constructed in 1987, according to property records. The Lock Up purchased the structure, which has a gross floor area of 30,836 square feet, in January. “This project is a new 5-story steel framed self-storage facility…

Planning Commission Approves Self-Storage in Pacifica, CA

Pacifica will soon see the transformation of five office spaces along Palmetto Avenue into self-storage units, an expansion that breezed through the planning commission approval process on Monday. Storage Corner Group, which operates the nearly 50,000-square-foot lot and four other storage facilities in California, will convert the office spaces and one employee housing unit on the site into more than 130 additional storage units. They will also construct a new, seven-unit storage building where parking spaces are currently. Storage units have existed on this commercial stretch of Palmetto Avenue since…

Bakke Development and BCDC Break Ground on Self-Storage Project in San Antonio’s High-Growth Alamo Ranch Submarket, TX

Bakke Development and BCDC have started construction on TalleyBak Storage, a 774-unit, three-story, climate-controlled self-storage facility in San Antonio’s rapidly growing Alamo Ranch/West submarket. It marks the eighth programmatic project for the partners as they continue expanding their self-storage development pipeline. “We are proud to continue our partnership with BCDC as we deliver another best-in-class self-storage facility in one of San Antonio’s most dynamic and fast-growing areas,” said Brandt Bakke, VP of Development of Bakke Development. “The demand for climate-controlled storage continues to grow, and we are confident TalleyBak Storage…

The Adelanto Planning Commission Approved New Development of Self-Storage, RV Parking and Offices in Adelanto, CA

The Adelanto Planning Commission met on March 5th and approved a new development that will bring a modern business park, storage facility, and recreational vehicle (RV) parking to the city. The project, spanning 9.68 acres at the southeast corner of Seneca Road and Pearmain Street, just north of Palmdale Road, and west of Highway 395, is designed to serve both business and recreational needs. The development, led by Adelanto Seneca Land, LLC and represented by Mr. Jake Sowder, is not just about storage and parking; it’s a forward-thinking project that…