Image Gallery: Happenings and Highlights From the 2013 Inside Self-Storage World Expo
From Recovery to Rejuvenation
While last year’s show had a collective energy about recovery, operators and vendors at this year’s event said they were energized to move forward with their businesses. Recovery is morphing into rejuvenation, with an influx of potential new investors and a bevy of younger entrepreneurs carving out their positions in a rapidly evolving marketplace.
“The industry is no longer a 'flash in the pan,'" says Holsinger. "Self-storage is a real contender for investment dollars. And we’re also back on the path for new development."
"The vibe was really good. I definitely got the feel that people were looking to build again," says Caesar Wright, president of Mako Steel Inc., which designs, supplies and installs steel buildings. "Over the recent months, our quote activity has been up 30 percent compared to last year. I still feel lending is the strongest challenge developers face, but no question it seems to be loosening up a bit."