The results of the first-quarter 2009 Self-Storage Confidence Index (SSCI) survey have been announced by MiniCo Publishing. 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.
“This quarter’s results demonstrate the effects of the slowing national economy on self-storage owners and operators,” said Poppy Behrens, MiniCo co-publisher. “Despite indications that self-storage earnings have continued to grow during the last quarter of 2008, respondents report diminishing confidence in the areas of rental income, occupancy, cap rates, and the outlook for the national economy.”
SSCI survey results are available at www.selfstorageconfidenceindex.com.
MiniCo Publishing is a division of Phoenix-based MiniCo Inc., which provides specialty insurance programs, publications, and other products and services for the self-storage industry.