Whether you’ve owned a self-storage facility for years or just purchased your first site, it’s important to always keep a pulse on how trends are shifting in your area. Are you near a college? Locker storage could be a great addition to your mix. Close to a retirement home? Bigger units like 10×10 or 10×20 might be a better option for your site.
And at Janus International, the R3: Restore, Rebuild, Replace division specializes in facility remixing for owners who need to adapt their unit mix to changing market demands—whether you’re adding locker units for college students, creating climate-controlled sections or converting space for boat and RV storage. The team helps you maximize revenue per square foot by matching your facility to your community’s evolving storage needs.
Boost Your Revenue
Regardless of your situation, the experts at R3 can help you dig through market analyses and research the demographics in your specific self-storage facility’s location.
Here’s an example of how R3 puts unit remix strategies in place for high-demand units to help generate more revenue. The team recently provided a unit conversion strategy for a facility that was struggling with constant turnover costs. By converting 30% of small units into larger units, the facility experienced:
- Average rental duration increasing from 4 months to 14 months
- 35% annual revenue increase despite having fewer total units
- Customer acquisition costs decreasing by 60% due to longer tenant retention
Save on Your Renovations
And there’s no reason to wait because today’s tax breaks allow you to save money while making facility improvements. Check out the Complete Guide to Self-Storage Renovations & Cost Segregation to see how you can put more money in your pocket.
Serious Savings. Serious Results.
See how R3 can bring you significant tax savings and even bigger results, including drastic drops in break-ins.
Watch the Video (https://janusintl.wistia.com/medias/6661rw0adm)
Source: Janus International
