Investors are still investing steadily in self-storage, although the rates of growth have slowed compared to recent years, according to CBRE’s latest Self-Storage Investor Survey. In conducting the survey, CBRE interviewed more than 50 market participants including buyers, brokers, owners (small and large operators including REITs, national and regional owners), investors, lenders and REIT analysts….

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…