Commercial real estate firm Cushman & Wakefield (C&W) recently hosted a free webinar examining real estate market trends and factors impacting property values in the self-storage sector. The event was part of the companys Quarterly State of the Market series and presented by C&Ws Valuation & Advisory Division. A recording of the webinar can be accessed for free on the companys website, along with a complimentary copy of the presentation slides.
The one-hour webinar includes an overview of real estate capital markets and self-storage data, including industry-performance metrics compared to other real estate investment trust (REIT) property sectors, investment trends, and first-quarter facility-performance data from a national sample of operators as well as the REITs. It also includes historical perspective of the Self Storage Performance Index, construction trends, property sales and capitalization rates tracked by C&Ws Self Storage Industry Group (SSIG).
The webinar also includes commentary from Chris Sonne, executive managing director of the Valuation & Advisory Division; Janice Stanton, senior managing director, capital markets; and Greg Wells, director, capital markets.
Valuation & Advisory also recently released a companion business brief titled Moving With Confidence in Self-Storage, which can be downloaded for free on the Inside Self-Storage (ISS) website. The eight-page report discusses interest-rate volatility and summarizes data from the Summer 2013 PwC (PricewaterhouseCoopers) Real Estate Investor Survey, for the domestic self-storage market. It also includes the results of an expanded survey, which examines market optimism, absorption time and other elements that characterize the current market conditions for the self-storage asset class.
SSIG produces the C&W market-data reports that are distributed through the ISS Store, an e-commerce website providing on-demand insight and education products for self-storage professionals. Products include the Self-Storage Performance Quarterly national report, 50 quarterly Metropolitan Statistical Area Reports, monthly National Rental Activity Reports and customized Trade Area Snapshot Reports. Details can be found at www.insideselfstoragestore.com.
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. The firm's Valuation & Advisory Division, which includes the SSIG, is one of the largest real estate valuation and consulting organizations in the world. Founded in 1917, the company has 253 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal.