Day: May 21, 2026

StorTrack Market of the Month: Chicago, IL

Chicago is a market where the underlying fundamentals tell a subtler story than pricing trends alone would suggest. The market is relatively mature with 12.4 million rentable square feet across 171 facilities and only one project currently under development. Yet despite this scale, Chicago remains structurally undersupplied at just 4.6 square feet per capita, equivalent to only 58% of the national average. To better understand its potential as a self-storage investment, we used StorTrack’s Explorer platform to dig into key market metrics. Market Snapshot for Chicago, IL What makes the current environment…

Extra Space Storage Expands Management Presence in New Caney and Porter, Texas

Extra Space Storage has assumed management of three self-storage facilities in New Caney and Porter, Texas, previously operating under the BestBox Storage brand. The properties, which opened between late 2023 and mid-2024, include features such as video surveillance, coded gate access, and protection plans. The management transition reflects ongoing consolidation trends in the self-storage sector, with larger operators continuing to expand through third-party management and branding agreements in fast-growing suburban markets. Read the Full Article Source: Community Impact