Author: Shinil Krishnan

Self-Storage Sales Jump 62% in the Third Quarter

Deal activity surges as investors target high-barrier markets in New York, Las Vegas and Atlanta Transaction volume in the U.S. self-storage sector surged in the third quarter of 2025, reaching nearly $1.6 billion. That is a 62% increase compared to the same period last year, as investor confidence rebounded following a period of caution. A total of 266 facilities changed hands between July and September, up from 201 in the third quarter of 2024, according to a report released this month by StorageCafe. The data indicates that while private and…

STORE Management Expands into California

STORE Management, a Phoenix-based self-storage management platform built by owner-operators, is pleased to announce its expansion into California with the opening of STORE on Pittman last month. The new location marks STORE’s first managed property in the state and reflects the company’s continued growth across key markets. The Fairfield location, owned by Wentworth Property Company, underscores STORE’s expanding role as an operating partner for institutional-quality storage assets. Its management model is designed to adapt to each property, favoring asset-level decision-making, local market nuance, and active oversight over standardized national playbooks.…

Maple Grove Council Approves Self-Storage Concept Plan

Ebert Cos. is looking to build a new self-storage facility in Maple Grove, according to planning documents and received a concept stage plan approval from the city council last week. The Maple Grove City Council approved the concept at their Dec. 1 meeting in a unanimous vote, though one council member did ask questions of Ebert around the actual look and interest of the building. The property would be a four-story indoor storage facility with around 850 units. It would spread 121,700 square feet of space across its four stories,…

McCall to Float Commercial Storage Ban, Citing Recent Compatibility Problems

A proposed ban on building storage units in McCall will go before the McCall Area Planning and Zoning Commission next week. The P&Z is set to review a slate of proposed updates to city code, most of which are tied to Valley County taking over administration of the McCall Impact Area on Jan. 1. A public hearing on the changes will be held at 4:30 p.m. on Monday, Dec. 8, in the McCall Public Library Community Room. Remote participation instructions are available here. The changes include banning commercial storage complexes…

Brand New Climate-Controlled Self Storage Facility in Worcester, MA

CubeSmart Self Storage on Barber Ave brings Worcester a brand new, secure, and convenient storage option. As Worcester continues to grow, so does the need for modern, reliable storage. The new CubeSmart Self Storage facility at 80 Barber Avenue aims to fill that gap with a fully climate-controlled, state-of-the-art space designed for convenience and peace of mind. The four-story building features a covered, climate-controlled loading bay, a rare find in the area, allowing customers to move belongings in and out comfortably, no matter the weather. Inside, wide aisles, clean, well-lit…

ARCO Design/Build Breaks Ground on a New Self-Storage Development in Fort Lauderdale, Florida

ARCO Design/Build, a leading national design-build general contractor, has broken ground on a new 147,385-square-foot self-storage development for 4 Rivers Property Group and Crow Holdings at 1400 Progresso Drive in Fort Lauderdale, Florida. The groundbreaking ceremony took place on October 30 at 8:30 a.m., marking a significant milestone for one of the last self-storage facilities to be permitted within this Fort Lauderdale zone. The project, to be branded and operated by Extra Space Storage, will feature five buildings: a five-story climate-controlled structure totaling 107,394 square feet, a standalone climate-controlled single-story…

Self-Storage Developer Finalizes Purchase Of Suburban Parcel in Rochester, New York

The transfer of property at Canal Ponds Business Park in Greece will pave the way for another self-storage facility in the Greater Rochester area. Barefoot Land Co. of Cape Coral, Florida, through Barefoot Landco LLC, on Wednesday closed on a $650,000 purchase of property at 105 Pinewild Drive in Greece. The seller of the undeveloped property was 2016 Gateway Business Center LLC, whose sole member is John Loiacono. The 2.78-acre parcel sits adjacent to Bellwood Drive and state Route 390. Barefoot Landco LLC then made a lateral transfer of the…

Featured Brokers – Kevin Friedman & Alec J. Pacella, CCIM

Kevin Friedman is the owner and principal broker of Hayes Ventures in Bloomfield Hills, MI. Kevin has been transacting in the self-storage sector exclusively for over a decade, closing $533 million of self-storage transactions. He specializes in the acquisition, disposition, and valuation of self-storage properties of all types and sizes. Kevin is dedicated to delivering exceptional value and service to his clients while collaborating with them to achieve their sales and acquisition goals. Prior to forming Hayes Ventures, he most recently served as the Vice President of Acquisitions for SmartStop…

Integration Between KISS and Cubby Brings Cloud Access Control to Legacy Gate Systems

The new integration makes it easy for operators to move to cloud based access control without replacing existing hardware. Keep It Simple Storage (KISS), the creator of the battery free, NFC powered smart lock ONELock, today announced its official integration with Cubby, one of the fastest growing facility management systems in self storage. With Cubby’s intuitive management platform and KISS’s ONELock technology working together, operators can now fully automate move-ins, access, and overlocking, eliminating manual steps and giving both managers and tenants a seamless digital experience. KISS, best known for…

Development and a K-Shaped Economy: A Growing Challenge for Self-Storage

As the end of 2025 approaches, the self-storage industry finds itself navigating two converging headwinds: an increasingly active development pipeline and the growing signs of a K-shaped economy. While each challenge is significant on its own, the combination presents a more structural issue for operators, owners, and investors. Development activity remains elevated across many U.S. markets, and despite widespread acknowledgment of “overbuilding,” new supply continues to be delivered. Many people are still underestimating the pace and scale of ongoing development. This point resonates with what we are seeing on the…