It is nearly 2021 and most people are likely eager to watch the clock tick away the final moments of what has been a year of unprecedented challenges. When the global COVID-19 pandemic officially reared its head on American soil in early March, fear and uncertainty ensued.  To remain operational, we at StorQuest quickly altered their business procedures to adhere to the new guidelines.  Existing technologies such as call centers, kiosks and online tools for contactless rentals and payments proved advantageous to combat the stay at home orders. Swiftly reacting…

Ready for some good news? Never have prices been higher for self storage properties, either in absolute dollars, per square foot or in relation to the income they produce. For the last several months we have been talking about how the self storage sector will perform through the pandemic and resulting recession. With all of the hype surrounding the self storage sector today and a record amount of capital seeking safety and consistent yields, self storage is once again proving to be a CORE asset due to its long-term performance…

The self storage industry has displayed tremendous resiliency amid the COVID-19 pandemic. The third quarter was very positive considering the current state of the market and what results we saw in the second quarter. Rental rates in the market were trending upwards as demand for the product was increasing. Move-in rates were starting to turn positive year-over-year (YoY) and occupancies were at an all-time high across all the REITs with move-outs at a low point.  Operating fundamentals in Q3 turned around from Q2. Rental income and net operating income (NOI)’s…

Absolute Storage Management (ASM), a leading third-party management company for self storage facilities in the United States, announced operating results for the three months ended September 30, 2020. 2020 Highlights for Three Months Ended September 30, 2020:  Increased same-store revenue by 1.2% and net operating income (NOI) of 1.4% in the same period in 2019.  Acquired eight (8) management contracts: three (3) operating facility and five (5) facilities at the completion of construction.  2020 Highlights for Nine Months Ended September 30, 2020:  Increased same-store revenue by 1.1% vs. the same…

Growing your Facebook presence can seem like an overwhelming task, but it does not have to be. Follow these simple tips and watch your Facebook likes flood in!  Have a Complete and Engaging Page: Make sure your page is professional, up-to-date and representative of your brand’s personality. Ensure business hours, contact avenues, location and other pertinent information is accurate and use a fun, brand-centered profile picture and cover image to add to the page cohesion. Interact With Your Audience: Social media users love when their favorite brands are accessible and…

Janus International Group (“Janus”), the leading global manufacturer and supplier of turn-key building solutions and new technology for the self storage industry, announces the opening of Green Storage’s fourth smart self storage facility in Sweden in under 14 months. After building their first self storage facility in April, 2019 and being the first to bring a smarter, more convenient and secure storage solution to Sweden, Green Storage opens their fourth smart facility located in Bromma, Stockholm in just 14 short months. The 500 unit facility is located at the intersection…