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…

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…