The results of the second-quarter 2009 Self-Storage Confidence Index (SSCI) survey have been released by MiniCo Publishing. This quarter’s survey reveals the impact of the economic downturn on self-storage, according to MiniCo Publisher Poppy Behrens. Respondents of previous surveys expected to see income decreases in the first quarter of the year; those decreases have been realized, along with declines in rental and occupancy rates, Behrens said. In addition, this quarter’s respondents expect to see lower income, greater use of concessions and a continuing decline in the national economy in the third quarter.
An initiative of MiniCo, The Parham Group and Cushman & Wakefield Inc., the index is designed to anticipate the effects of economic conditions and trends on self-storage operations. The quarterly survey records the next-quarter expectations of U.S. and Canadian self-storage business professionals in the areas of sales, profit, hiring, expenditures and industry economic outlook.
SSCI survey results are available at www.selfstorageconfidenceindex.com.