• Thoughts From the Road: Spring Cleaning?
    When making your spring cleaning list, I urge you to dust off that list of customers paying non-standard rates. If you’ve had your store for any length of time, you’ll always have a group of people paying below market rates for their units, from 5 percent to as much as 50 ...More
    April 1, 2006 Jim Chiswell Posted in Articles
  • The Magic Self-Storage Formula
    A self-storage facility doesn’t make money until it reaches breakeven occupancy. When mapping the success of your site, wouldn’t it be great to have a formula to indicate when you will reach breakeven and maturity, considering current market conditions and operating ...More
    April 1, 2006 Philippe Peyrot Posted in Articles
  • Dutch Surprise
    The Netherlands self-storage market is about eight years old and steadily growing. About 80 facilities are active in the country, and most are successful. When the business first began, self-storage was a tough sell to the local public. People weren’t sure exactly what it ...More
    April 1, 2006 Erwin Fleer Posted in Articles
  • Raleigh ’Round Storage
    When Morningstar Properties LLC went looking to open a self-storage facility in the central business district of Raleigh, N.C., the company found its home in an unlikely place—a former beer warehouse. Once known as Harris Wholesale Distribution Center, the location was ...More
    April 1, 2006 Phyllis McArthur Posted in Articles
  • Facility Spotlight: Signature Self Storage
    Many an entrepreneur longs for the days of old when a storage facility seemed to fill itself. In British Columbia, where competition is no less intense than the States, Signature Self Storage managed a neat time-traveling trick. The Coquitlam store opened last July with no ...More
    April 1, 2006 Elaine Foxwell Posted in Articles
  • Real Estate Roundup: The Southeast States
    This month, I gathered a roundtable of experts to discuss how the storage industry is faring in the Southeast. Let’s hear what they have to say about their respective cities and regions. Our roundtable panel includes: Bill Barnhill and Stuart LaGroue, Omega Properties Inc., ...More
    April 1, 2006 Michael L. McCune Posted in Articles, Finance
  • Premier Self Storage
    Premier Self Storage--Bowen Hills, Brisbane, Australia. Self-storage in Australia is a relatively small but growing industry, underpinned by the increasing trend in the country's capital cities towards smaller households and inner-city apartment living, and ongoing ...More
    April 1, 2006 Posted in Articles
  • Canadians Beware When Building
    All-metal construction is faster to build and better suited to self-storage. As a long-time contractor, I have seen Canadian self-storage buildings constructed from just about everything but goat cheese and beer cans. Especially in the industry’s early years, facility ...More
    April 1, 2006 Bert Balas Posted in Articles
  • Sao Paulo Start-Up Forges Success, Brazilian Style
    The thing that strikes you the most when flying over or driving around Sao Paulo is the concrete forest of high-rise residences. They’re everywhere, and so are countless cranes, busily building more. In a city somewhat defined by the river that runs through it, and the ...More
    April 1, 2006 David Blum Posted in Articles
  • Bird’s-Eye View of Canadian Self-Storage
    Over the last five years, Canada’s supply of self-storage has ballooned. The three most developed urban markets are the Vancouver Lower Mainland, Greater Toronto and Halifax, each of which has 2 to 2.5 square feet per capita. Considerable new development also is ...More
    April 1, 2006 Candace Watson Posted in Articles