As consolidation becomes an increasing trend in the self-storage industry, reducing the number of contenders in many markets, many speculate that this contraction results in unfair advantages for larger operators. How can smaller independents improve efficiencies to remain competitive? Find out in this informative podcast.
Inside Self-Storage (ISS) Contributing Editor Tony Jones speaks with Noah Springer, senior vice president of business development and strategic relations for Extra Space Storage Inc., to learn where independent operators tend to struggle and which management areas are important to streamline. If you’re a self-storage owner or manager, you don’t want to miss Springer’s insight on the most glaring inefficiency the REIT encounters when assuming management of a facility, how small operators can identify and correct their own weaknesses, and the role data plays in operational improvement.
Based in Salt Lake City, Extra Space is a real estate investment trust and third-party management firm that owns or operates 1,513 self-storage properties in 38 states; Washington, D.C.; and Puerto Rico. The company’s properties comprise approximately 1 million units and 114 million square feet of rentable space.
Duration: 7 minutes, 25 seconds