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…
These days, it feels like the self-storage supply in Denver, CO, is at least a mile high. And that could lead to a rocky future for self-storage operators and developers in the region. Two recent reports shed light on just how much the self-storage presence has exploded in the Denver market. A report from Marcus…
As development brings a surge of new supply to the market, renting a storage unit in New York City is getting cheaper. The average price to rent a storage unit in New York City dropped 9.8 percent from 2016 to 2017, according to reservations made on SpareFoot’s network. In 2017, the average monthly price to…
The Raleigh, NC, metro area sits in the bull’s-eye when it comes to self-storage growth among the country’s major regions. But how sustainable is the self-storage boom in Raleigh? The Raleigh area will see a 23.1 percent jump in self-storage supply, according to STR Inc., a research and analytics firm in Hendersonville, TN. That growth…
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…
