PropRise Unveils Market Hot Spots Feature for Self-Storage Developers and InvestorsPropRise Unveils Market Hot Spots Feature for Self-Storage Developers and Investors

ISS Staff

February 4, 2025

1 Min Read
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PropRise, an artificial-intelligence-powered analytics platform designed to support self-storage developers, investors and real estate brokers, unveiled a new feature within its Beacon product called Market Hot Spots, intended to accelerate the market-research process, according to a press release.

Market Hot Spots analyzes millions of data points, including 2024 U.S. Census demographics, development pipelines, and market-specific rent and occupancy trends. It identifies potential self-storage submarkets using proprietary scoring algorithms, predicts future competition through development tracking and spots demographic trends that signal emerging demand. It can also provide insight on off-market opportunities through intelligent matching, evaluate assets against their market potential, and accelerate due diligence with instant access to competitive intelligence, the release stated.

Self-storage real estate brokers can also use Market Hot Spots to reduce manual market research, as it allows them to match investors with opportunities using filtering. They can also monitor market shifts through real-time development tracking.

“We’re taking PropRise’s analytical power to the next level,” said CEO Jean-Michael Diei. “Market Hot Spots processes granular demographic data down to the block-group level, tracks new development permits across markets, and analyzes over 450,000 commercial listings and 60,000 self-storage facilities to spot opportunities others miss.”

Related:Self-Storage Management Firm StoragePro Hires Vice President of Investment Management

Founded in 2023 by Diei and Matthew Krager, San Francisco-based PropRise uses AI to help self-storage investors find opportunities and make data-driven decisions for acquisitions and developments. The company tracks more than 55,000 facilities and updates rental statistics for more than 35,000 properties weekly, according to the company website.

Source: PropRise, PropRise Launches Market Hot Spots, Slashing Self-Storage Site Selection Time from Months to Minutes

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