Updated 08/15/2017 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com. Largest self-storage operators (publicly traded) in the…
Aug. 14, 2017–On Friday, September 15, Austin will invite the homeless, and anyone in need to it’s second-ever Street Store — a one-day pop-up store providing free clothing to the homeless, or anyone in need. The event is being organized by SpareFoot, the largest marketplace for storage, who is partnering with the Central Presbyterian Church…
Self-storage is starting to become a victim of its own success. Operators are reeling from a double punch—rising tax rates across many jurisdictions along with higher assessed property values. The specter of rising assessments is coming just as large and small operators alike are expected to face greater competition from new development and decelerating revenue…
Population density and barriers to entry for urban storage development are creating a perfect set-up for self-storage operators in New York City, if they can get a project off the ground. “The demand is three times greater than the supply in the New York market and nothing will change that fact,” said Jack Guttman, co-owner…
The delinquency rate for US commercial real estate loans in CMBS has been inching upwards but the self-storage sector makes up only a small percentage of those loans, industry experts say. Overall, the delinquency rate for commercial-backed securities climbed six basis points in in March to 5.37 percent, according to Trepp‘s most recent CMBS Delinquency…
Big Byte Insights recently launched a free to use dashboard that maps and tracks the progress of new self-storage development projects across the country. “Our primary motivation for creating this crowd sourcing platform is to better serve our clients, who are investors in publicly traded REITs. They have often voiced their disappointment in the quality…
Self-storage property owners and investors have enjoyed a long run-of historically low interest rates. Recent Fed hikes, along with views that there are more increases ahead, have kicked off a fresh wave of refinancing activity. “We’re seeing more activity now because everyone is concerned about where rates are going,” said Michael Balan, a vice president…
Here are 30 million more reasons you should take valet storage seriously: Full-service storage provider MakeSpace has raised another $30 million from investors. That brings the company’s total funding to date to more than $60 million. The latest round was led by 8VC. Previous investor Mark Suster detailed in a blog post why he thinks…
Stephen Overcash knows that perception is everything. So when he was facing challenges in getting some of his self-storage projects approved, he coined a new term to win over reluctant zoning officials: “lifestyle storage.” “For so many years, self-storage were big, white boxes,” said Overcash, principal of Overcash Demmitt Architects (ODA). He has been designing…
There are plenty of headlines on how e-commerce is delivering a death blow to malls and shopping centers. On the opposite end of the spectrum, storage facilities are getting an added boost in demand for space from retailers, both on and offline. The internet has spawned a new generation of entrepreneurs setting up virtual storefronts…
