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…
Category: Resources
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…
Self Storage Is on Fire: Is It Crazy to Buy or Build? Probably.
If you talk to anyone in the storage industry, they will tell you that they have never seen a market as hot as this one. Existing facilities are full, rents are rising, cap rates are at historic lows and every supplier is so inundated with orders that they cannot keep up. The word ‘unprecedented’ has been used an unprecedented number of times in the last 16 months, but there is no better word to describe the self storage market – what is happening right now is unprecedented. The best advice…
Self Storage Investors Share Their Forward-Looking Insights; Outlook for Pricing and Performance Remains Positive
Sentiment for self storage assets is largely optimistic as record-low vacancy and rising property values bolster investor confidence. Over 400 market participants offered their perspective on where they think the industry is headed over the next 12 months including insights on a host of trends impacting the industry.
Four Ways COVID-19 Changed the Self Storage Industry
The COVID-19 pandemic changed the way we live and work and the self storage industry has been no exception. As communities across the nation emerge from the pandemic, it’s becoming clear that many of the changes within our industry are here to stay, including: Contactless rentals — E-commerce and online purchasing kicked into high gear during the pandemic. In self storage, tenants embraced contactless rentals and digital payment routines and now expect the ability to complete self storage transactions online. In the future, owners and operators need to prioritize streamlined…
Fortress Self Storage Uses Nokē Smart Entry to Stand Out in a Sea of New Development
Self-Storage Consulting Group, based out of Mesa, Arizona, saw the opportunity for self storage in a growing area centered on new development in Brighton, Colorado. With a Top Golf, Home Depot and Costco all within minutes of their facility, they knew being on the main road would give Fortress Self Storage the attention it deserved in the growing market. Fortress Self Storage was determined to find a way to set themselves apart in the sea of new development and they did just that by offering Smart Self-Storage units to their tenants…
National Storage Affiliates Trust Added to S&P MidCap 400 Index
National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced that the Company will be added to the S&P MidCap 400 Index effective prior to the open of trading on Friday, May 14, 2021. Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to have National Storage Affiliates gain inclusion on the S&P MidCap 400 Index. The move to the MidCap 400 index from the SmallCap 600 index acknowledges the exceptional growth NSA has realized over the past few years. We look forward to continuing to…
Website Design Elements for Self Storage
Website design is important for the self storage industry. An effective website should be built with a sound technical build-out. This provides a foundation for success and gives you a solid base to build off of as you progress through the website design process. Sound Technical Build-Out The technical aspect of your website should not be ignored! Your goal should be to prioritize page speed, security and device compatibility or responsiveness. Your website CAN’T be slow when loading content or pages for a few reasons: Your visitors will become frustrated…
Janus International Secures Contracts with Strat Property Management Inc. and SmartStop Self Storage to Implement Nokē® Smart Entry Solutions
Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, announced today that two of the largest independent self storage owner operators in North America have signed agreements to implement its Nokē® Smart Entry (“NSE” or “Nokē”) smart access control and security solutions. Strat Property Management, Inc., (“SPMI”), a real estate and management firm primarily focused in the self- storage and…
Spring Cleaning Checklist for Your Business’s Online Presence
While most of us attribute spring cleaning to things around the house, it is just as important to do the same with your business. That is why we put together a quick and easy-to-implement checklist to help you freshen up your online presence. 1. Clean up Directory Listings Online, hundreds of directories list your business information like Google My Business, Foursquare and Yelp. If you’re not supplying the information they list, many use an algorithm that pulls data from wherever they can find it. This can lead to incorrect and…