A rendering of one of TD Self Storage's initial projects in Greenville, SC A rendering of one of TD Self Storage's initial projects in Greenville, SC

A regional hotel development and management corporation in the Southeast is the latest player to jump into the booming self-storage market, aiming to one day own more than 100 storage facilities. JHM Hotel Group, a Greenville, SC-based hotel and restaurant company, recently formed TD Self Storage Enterprise LLC and already owns five new self-storage facilities…

Phillips Development is building a 100,000-square-foot self-storage facility to complement its Skyway multifamily community in St. Petersburg, FL. Phillips Development is building a 100,000-square-foot self-storage facility to complement its Skyway multifamily community in St. Petersburg, FL.

Owners of multifamily facilities tend to notice tenant and lifestyle trends long before others — such as whether people are recycling more, what type of cars they’re driving, whether they’re receiving more mailed packages via e-commerce companies. Tampa’s Phillips Development has definitely taken note of another recent trend: Tenants asking where they can find nearby…

New York City New York City

It is one of the most active markets for self-storage development, and still one of the most undersupplied. But new regulation may bring storage construction to a halt. Unless a last-minute compromise is reached, some industry officials say it now appears likely that New York Mayor Bill de Blasio’s proposed zoning restrictions on new self-storage…

JCAP markets JCAP markets

Some industry observers warn of potential overbuilding within the self-storage industry, but Dean Jernigan is confident that the development cycle is still in the middle-innings. “We’re just past the midpoint of this development cycle, in the fifth or sixth inning,” said Jernigan, CEO of Memphis, TN-based Jernigan Capital, during the company’s quarterly conference call with…

elephant in a room elephant in a room

The storage industry’s major publicly traded companies face a market dilemma when some of them start releasing earnings – and forward-looking performance guidance – later this week. The Big Four could express over-optimism moving forward, even though most industry numbers point to a decelerating market for the storage business across much of the nation. Or…

johnbull2 johnbull2

Some people thought there was no way self-storage construction spending could keep pace with last year’s growth rate of more than 70 percent. It actually hasn’t kept pace, it’s accelerated at a 124 percent annualized rate instead, far exceeding the wildest expectations of veteran industry observers who say the self-storage construction market is approaching levels…