Enter the lobby of the new StoreEase self-storage facility in Hoover, AL and you’ll receive an enthusiastic greeting from a human manger. But don’t expect to shake their hand. That’s because StoreEase facilities and its managers aren’t physically there. Instead they appear on large video screens equipped with cameras to welcome customers, answer questions and…
Updated 1/27/2023 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 would like to share or have a question about data on this page, please email editor@sparefoot.com. In this report: Industry…
Looking for a recession-resistant place to put your money during these turbulent times? Better get in line. Recently two real estate funds announced that they had exceeded their fundraising goals, each closing with ten-figure sums with which to buy storage properties across the United States. Largest fund in self-storage history Saratoga Springs, NY-based Prime Group…
One of the country’s largest self-storage operators has been hit by a major data breach. Last week U-Haul notified affected customers of the incident, informing them that their names and driver’s license information had been compromised. The company said in the letter to customers that credit card information was not accessed by the hacker. A…
In Michigan, the Northville Township planning commission is considering ways to renovate a building to add about 28,000 square feet of self-storage at 807 Doheny St. Renovations would happen in the western part of the building formerly taken by the Jack Doheny Co. Jim’s Oil portion will remain in place in the eastern portion of…
Storable, the leading technology company for self storage operators, and The William Warren Group (WWG), a privately held entrepreneurial real estate company that operates the StorQuest® Self Storage family of brands, announced today that they have entered into a Facility Management Software Development Agreement in order to co-develop and support customized facility management software and…
Where are the hottest markets for self-storage development? Three U.S. markets stood out when Union Realtime LLC of New York, NY released its study about who’s generating the most heat in self-storage these days: Dallas-Fort Worth-Arlington, Texas CBSA, with 7,698,747 square feet of self-storage development New York-Newark-Jersey City, NY-NJ-PA CBSA with 14,777,229 square feet Phoenix-Mesa-Scottsdale,…
A growing self-storage operator has announced a strategic partnership with a global real estate company to build a $1 billion portfolio of storage facilities. QuadReal Property Group, a Vancouver, BC-based firm with more than $67 billion in assets under management, is committing the majority of capital to the venture with Winter Garden, FL-based Store Space…
Self-storage insiders have long maintained industry demand is driven by the “4 Ds” – death, divorce, dislocation and disaster. Paul Fiorilla, research editorial director at Yardi Matrix, says he’s been lately hearing that maybe the list should be updated. “Some people think there should be a new ‘D’ added: distribution,” said Fiorilla. “Some are seeing…
It’s been about 35 years since The Peterson Cos. opened a new division, and the Fairfax, VA-based real estate company chose to focus it on the fast-growing world of self-storage. The company, born in 1965, first dipped its toes in this endeavor about five years ago, and has developed and opened three projects over 100,000…
