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…

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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…

Man climbing chain link fence with barbed wire on top Man climbing chain link fence with barbed wire on top

A recently imposed moratorium on new self-storage buildings in parts of Lincolnwood, IL, population 12,500, just outside Chicago, isn’t exactly out of the norm. Developers across the country have met with local opposition to their self-storage projects, whether they’re new construction or conversions of existing properties. For the record: Lincolnwood’s director of community development, Steve…

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Extra Space Storage Inc. is taking a gamble that its investment in “digital real estate” will pay off in coming years. The Salt Lake City real estate investment trust, whose revenues last year hit about $782 million, has quietly become the steward of the industry-specific domain “.storage”. Domains are identified by the code suffix at…

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Last year, Dave King’s Wentworth Property Co. was trying to get necessary local approvals for a new self-storage facility in Kentucky. There was only one problem: some city officials didn’t think the project would create enough local jobs. After flying back-and-forth four times between his firm’s headquarters in Phoenix and Kentucky, King, vice president of…

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For years, Michael Cappelletti specialized in helping entrepreneurs and others to operationally get their businesses up and running in the Boston area. Two years ago, he decided it was time to strike out on his own–and now he is helping a local storage operator fill up units. Cappaletti launched Cubiq, a “boutique storage” company that…