Category: Resources

Now More Than Ever, Self Storage Facilities Are Evolving Toward a Remote-Management Model

In 2020, while most businesses were transitioning to remote work and unemployment was increasing, self-service facilities were tasked with finding ways to continue providing quality storage solutions. While unmanned storage facilities aren’t new, many facilities were implementing new modern business tools including contactless customer support, online services and self-service kiosks for the first time. The verdict is these automated features are here to stay. Sophisticated technology allows remote management and provides customers access to service beyond normal business hours. Customers have the ability to rent units, pay their bills, access…

List Self Storage Offers Complimentary Data Via StorTrack’s MarketView Platform (MVP)

StorTrack, the largest and most comprehensive pricing and market intelligence database available for the self storage industry, will offer complimentary data on all listings on List Self Storage (“List”), the leading national online platform for buying and selling self storage facilities. Users can choose between a one, three or five-mile radius to view market information including the number of facilities, total and rentable square footage, average rate per square foot, square footage per capita, population, median household income and known developments. In addition, an interactive map displays the location(s) of…

Absolute Storage Management Redesigned Website Pages to Educate New Storage Investors

After four months of research, design and dedication, the Marketing and Sales Teams from Absolute Storage Management (ASM), along with the Development Team from Go Local Interactive, are excited to announce the launch of ASM’s redesigned website pages on July 13, 2021. These pages are live now on www.AboutASM.com. Established in 2002, Absolute Storage Management (ASM) is one of the largest and most tenured third-party management companies in the self storage industry. To share their experience and knowledge, ASM decided to build out additional pages on their website dedicated to…

The Current Self Storage Landscape

Over the last twelve months, the self storage industry has gone from a desirable asset class to one of the most sought-after investments in the commercial real estate landscape. The uncertainty of the COVID-19 pandemic created a pause but 2020 would demonstrate very strong year-over-year rental growth and occupancy across most major markets. With strong performance during and emerging from the pandemic, we have seen a wave of new inventory hit the market for sale and record pricing in many markets. What is driving this wave of inventory? What is…

What Is in a Feasibility Study?

A feasibility study provides boots-on-the-ground research for a market of interest. The data collected is granular and covers all relevant components of a project including economic conditions, legal aspects and scheduling considerations. The goal is to determine the viability of a successful operation in that particular trade area by objectively evaluating the strengths and weaknesses of that market. A sample report can be viewed here.

Proactive Strategies to Drive Revenues

In today’s ultra-competitive self storage market, many independent owners are unsure about what to focus on to keep their property competitive and increase its value. With the continued growth of the REITs, regional operators and third-party management platforms, many independent operators are facing more skilled and well-capitalized competitors than ever before. So, how can an independent self storage operator not only stay competitive, but preserve and increase their value as well? It is simple; independent operators need to change their attitudes and processes to become more proactive. Below are four…

Janus International Announces New Service Offering, ‘Facilitate’

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, today announced its newest service offering, Facilitate, to complement the company’s suite of self storage solutions. Led by industry veteran, David Alexander and a team of on-staff project managers, Facilitate provides holistic services for optimizing and maintaining self storage facilities while also offering a planned maintenance program to help offset the costs of repairs. We’re very excited to add Facilitate to our service…

Storable Wins Three ‘Best of Business’ Awards

Over the years, the businesses that formed Storable have learned the best way to innovate and constantly deliver the best products and services to the market. Every new product, every new capability and every investment seeks to fulfill the needs we hear from owners and operators like you. That is why these awards are more than bragging rights, they are validation from the market that Storable is listening and responding with products and services that do help self storage businesses grow. Storable won the following ISS Best of Business awards:…

Self Storage Industry Reaches Point of Over Capitalization

As unprecedented amounts of capital flow into the self storage industry, many investors are expressing concerns that the industry has reached a point of over capitalization. In other words, an overabundance of capital relative to the number of investment opportunities has turned capital deployment into a daunting task. As market competition intensifies, some investors are exploring smaller market strategies, which begs the question: is this a last-ditch effort or a logical capital deployment strategy? Self storage is fueled by necessity driven demand that transcends market size, geography, income, etc. The…

Tony Hawk Invites Fans to “Live a Life Worth Storing” with Tour of His StorQuest Collection

Tony Hawk, the legendary skateboard athlete and pop culture icon, introduces the world to his rarest and most valued possessions during a tour of his personal storage unit at StorQuest Self Storage. Make room in your life for awesome things to happen.” “This isn’t just a collection of stuff,” Hawk said while describing the incredible memorabilia displayed along the walls, on shelves and tables. “It’s a collection of experiences.” The items Hawk brings to StorQuest symbolize every era and phase of his astonishing career, from turning pro skater at 14…