Austin, TX August 1, 2018 — SpareFoot, the largest marketplace for self-storage, has been awarded Best Online Directory from Inside Self-Storage (ISS) for the 8th consecutive year. Every year, Inside Self-Storage hosts a ISS Best of Business contest for the best vendors in the industry. “SpareFoot would like to thank all the excellent clients who’ve…
National Storage Affiliates, a Greenwood Village, CO-based real estate investment trust, has struck a deal to acquire 112 self-storage locations from Orlando, FL-based Simply Self Storage for $1.325 billion dollars. Simply is majority owned by Toronto-based Brookfield Asset Management. The portfolio features 8.7 million rentable square feet of space in over 68,000 storage units. The properties…
Raleigh, N.C. June 15, 2018 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, announces a new interactive site map, complete with 3D rotating views and website compatibility. The 3D Map is a major addition to myHub for the many users operating from tablets, often directly from…
For the first time since 2013, the average price of a self-storage unit in Illinois has increased above $81 according to recent data from SpareFoot. In 2017, the average price was $81.34 which was up from $79.71 in 2016, and just under the highest average so far this decade—$81.65. Since 2010, prices increased in the…
With about $3.5 billion spent on self-storage development in 2016, and up to $4 billion expected this year, the outlook for next year is still up in the air. Even the country’s largest self-storage operator is still discerning which way the development winds will blow. “2019 I would say is still a bit cloudy,” said…
As development brings a surge of new supply to the market, renting a storage unit in New York City is getting cheaper. The average price to rent a storage unit in New York City dropped 9.8 percent from 2016 to 2017, according to reservations made on SpareFoot’s network. In 2017, the average monthly price to…
Goldendale, WA-based self-storage operator Iron Guard Storage recently obtained $98.15 million from a CMBS loan backed by its 22-property portfolio. The portfolio covers a total of 1.3 million square feet of space in seven states: Texas, Georgia, Alabama, Nevada, Washington, North Carolina and Virginia. The financing was arranged by Chicago based advisor The BSC Group….
Updated 3/21/2018 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com. Self-storage sector snapshot Average monthly…
For the sixth year in a row, self-storage rental rates in Florida have continued to increase according to a recent analysis of SpareFoot reservation data. The average price of a storage unit in Florida was over $88 in 2017, up from $85 in 2016. In 2010 the average price of a unit was less than…
One of the country’s largest self-storage facilities could soon be sold at auction, as part of the bankruptcy of its ownership group. Secured Climate Storage, located at 9311 N FM-620 in Austin, TX, features more than 200,000 square feet of storage space in nearly 1,200 self-storage units—84 percent of which are climate-controlled. The property generated…
