A New York startup believes payroll data provides a more accurate view of self-storage demand than the industry’s long-held focus on population metrics. Union Realtime will soon unveil a technology offering, called Genesis, for self-storage owners/operators that tracks payroll data and other metrics to help them make business decisions such as where to acquire or…

red tape caught red tape caught

Getting a new self-storage facility through the entitlement process has always been difficult, but it’s especially challenging as municipalities add layers of regulations and restrictions despite strong consumer demand for self-storage. “The big issue on regulations is that it is so location specific,” said Justin Hodge, an attorney with Johns Marrs Ellis & Hodge law…

Self-storage conversions are creating a buzz as the self-storage industry looks to expand supply to meet growing demand amid difficult municipal zoning and permitting environments across the nation. “It’s really been a trend over the last couple of years,” said Jeffrey Shouse, executive managing director of valuation & advisory services at Colliers International. “We are…