Market Conditions | Inside Self-Storage

Union Realtime Releases Development Summary for First-Half 2018

Jul 31, 2018

Union Realtime LLC, a technology-services company that specializes in self-storage development data, has reported the status of projects in the pipeline through the first half of 2018. The summary includes infographics that indicate the top 10 U.S...

Self-Storage Investing and Growth: Avoiding ‘Irrational Exuberance’

Jul 02, 2018

New self-storage projects are never easy, regardless of the economic climate; and there are many unanswered questions about industry growth today. Read what’s driving it, how to quantify risk, and how to prepare for what the future may hold.

UK Self-Storage Association Releases 2018 Industry Report

May 15, 2018

The Self Storage Association of the United Kingdom (SSA-UK) and global real estate advisor Cushman & Wakefield have released results from the association’s 12th annual survey of industry operators, providing data on average rents, occupancy...

Self-Storage Average Rental Rates Are Trending Upward: Here’s Where

May 04, 2018

The national monthly average for self-storage rental rates increased 4.5 percent last year. Guest blogger Al Harris from SpareFoot breaks down the market numbers.

Self-Storage Rental Rates Decrease in New York City, Countering Statewide Growth

May 01, 2018

While self-storage rental rates in New York state continue to trend upward, prices in New York City (NYC) dropped 9.8 percent from 2016 to 2017. The average monthly rental rate in NYC fell to $107.91 last year after peaking at $119.71 in 2016...

Raleigh, NC, Leads U.S. Self-Storage Supply Growth

Apr 21, 2018

Though the Raleigh, N.C., Metropolitan Statistical Area (MSA) ranks No. 42 in the United States in number of self-storage facilities, it has the industry’s fastest growth rate of supply among the nation’s top 50 MSAs. In the next year, 1.9 million...

Kennards Self Storage Owner Warns Against ‘Crazy’ Development Climate in Australia

Mar 27, 2018

As self-storage development in Australia picks up steam, some observers are advocating for greater restraint from builders, investors and municipalities. Sam Kennard, managing director of Kennards Self Storage, which operates more than 85...

ISS News Desk: Chinese New Year Drives Seasonal Self-Storage Demand in Asia

Feb 17, 2018

As Chinese consumers have begun to embrace self-storage in emerging Asia markets, facility operators have noted an annual increase in unit rentals during the weeks leading up to Chinese New Year, which begins today. This video examines the reasons...

Tracking Self-Storage Growth: Is Your City Seeing More Supply?

Feb 15, 2018

The self-storage industry is amid an unprecedented development cycle with the construction value put in place nearly three times the prior peak. In the quest to avoid overbuilding, it’s imperative to understand where new competition is entering...

Chinese New Year Drives Seasonal Self-Storage Demand in Asia Markets

Feb 07, 2018

Self-storage operators in Asian markets with a high concentration of Chinese residents have noted a seasonal surge in business related to the Chinese New Year. Since Jan. 1, move-ins have increased an average of 10 percent, as millions of Chinese...