Some 73 million jobs could be eliminated through automation by the year 2030, according to a recent report from McKinsey. Advanced robotics and artificial intelligence threaten to slash work opportunities for everyone from insurance adjusters to fruit pickers. So, just how vulnerable are self-storage managers? Self-storage kiosks are not a new phenomenon – they have…

A newly formed joint venture is targeting urban infill development in Los Angeles and Northern California, and it’s looking to take risks. Miami City Self Storage (MCSS) – a developer of urban infill self-storage facilities  – and real estate investment firm Cypress Equity Investments (CEI) have teamed up to create Pacific Storage Partners. MCSS Partner…

It’s a fact that self-storage rental rates have continued to surge in California in recent years. A variety of factors have contributed to the price increases including population growth and a well-performing economy. Specifically, the average monthly rent for a storage unit in California has climbed more than 26 percent since 2014, according to data…

A new Bay Area on-demand storage company is on a mission to help alleviate the area’s homelessness problem while growing its business. Founded in February 2017, San Francisco-based Boombox Storage has pledged to donate the first month’s rent of any customer who switches from self-storage to its full-service model to a Bay Area homeless shelter….

A North Carolina-based company is raising up to $10 million to acquire self-storage facilities and convert them into fully automated, unmanned operations. Raleigh-based 10 Federal Storage said their acquisition fund will focus on acquiring ‘mom & pop’ operated facilities located throughout the Southeast, with a concentration in North Carolina. The company started raising money in…