Has the recent self-storage boom reach its peak? Data from the U.S. Census Bureau shows self-storage construction spending fell from an all-time high of $491 million in May 2018 to $472 million in June 2018 and $431 million in July 2018. That’s a two-month decline of 12 percent. While the numbers for the same three…
AUSTIN, TEXAS, August 30, 2018— storEDGE, a cutting-edge technology organization, is now part of the SpareFoot and SiteLink self-storage technology family, backed by Cove Hill Partners. storEDGE brings a host of best-in-class products to the existing offerings of SpareFoot and SiteLink, including marketing websites, online rentals and cloud access control tools, in addition to their…
President Trump’s imposition of trade tariffs – especially on steel – is causing major financial and planning headaches within the self-storage construction industry and stoking fears it could harm developments in the long run. From builders to lenders, officials say tariffs are forcing developers to re-calculate the costs of projects, sometimes adding 5 to 10…
Austin, TX August 1, 2018 — SpareFoot, the largest marketplace for self-storage, has been awarded Best Online Directory from Inside Self-Storage (ISS) for the 8th consecutive year. Every year, Inside Self-Storage hosts a ISS Best of Business contest for the best vendors in the industry. “SpareFoot would like to thank all the excellent clients who’ve…
Safari Energy and Extra Space Storage aren’t finished with installing solar-energy units at the self-storage firm’s properties across the country. The two companies recently announced that Safari Energy, a New York-based solar developer owned by PPL Corp., has now delivered more than 6.7 megawatts of commercial solar power capacity for Extra Space at 58 sites…
If you look at where the self-storage development pipeline is gushing these days, you can see why some developers might be attracted to those markets while others might be repelled by them. It’s sort of a tale of two cities. A report released recently by Yardi Matrix shows that as of April 30, 2018, Nashville,…
Raleigh, N.C. June 15, 2018 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, announces a new interactive site map, complete with 3D rotating views and website compatibility. The 3D Map is a major addition to myHub for the many users operating from tablets, often directly from…
For the first time since 2013, the average price of a self-storage unit in Illinois has increased above $81 according to recent data from SpareFoot. In 2017, the average price was $81.34 which was up from $79.71 in 2016, and just under the highest average so far this decade—$81.65. Since 2010, prices increased in the…
The recreational vehicle industry is booming as the trend toward urbanization continues across the United States—and owners are running out of places to stash them. RV shipments (or new RV sales) for 2017 surged 17.2 percent to a record 504,599 units, marking the eighth consecutive years of wholesale shipments growth, according to the Recreational Vehicle…
Self-storage developers in Denver, CO, already were dealing with a report that claimed the city is saturated with self-storage facilities. Now, the Denver City Council has tightened building restrictions on storage facilities with an unanimous May 20 vote to ban the construction of self-storage facilities within one-quarter mile of any RTD (Regional Transportation District) light-rail…
