For the first time in four years, all major and secondary metro markets saw street rates for self-storage units rise in April. That’s according to a new industry report from Yardi Matrix that tracks storage rental prices across the country. Year-over-year rates were up 8% for 10×10 non-climate-controlled units and up 9.5% for climate-controlled space….
Self-storage new construction continued its slow but steady recovery through the early spring, due to a strong demand for storage and growing confidence among developers that certain markets still need more supply. The amount of new supply potentially coming on line isn’t anywhere near pre-pandemic levels. In fact, it may take a few more years…
Janus International Group, a manufacturer of doors and other products for self-storage and industrial facilities, has joined the small cadre of publicly traded companies in the self-storage industry. Janus’ stock started trading June 8 on the New York Stock Exchange. The stock opened the day at $14 per share and closed at $13.89 per share….
Climate change is driving extreme and aggressive weather patterns across the country and the world. 2020 witnessed a record of 22 separate billion-dollar weather and climate disasters in the United States alone. These increasingly common natural disasters threaten the safety and stability of individuals, communities, and businesses alike. They also pose a unique problem for…
SpareBox Storage, a Denver-based storage operator, purchased four stabilized facilities in Oklahoma and Florida. Purchased from multiple sellers, the additional properties brings SpareBox Storage’s total portfolio to include 41 stores in five states spanning more than two million square feet. The latest news follows the addition of 13 properties in South Carolina and Texas earlier…
With the opening of a new facility in Walnut Creek, CA, StorQuest Self Storage crossed an important milestone by opening its 200th location. “We’re incredibly proud to be 200 StorQuest locations strong,” said founder and CEO Bill Hobin. “But I’m even more proud of the nearly 500 members of our team spread across the country…
For companies in the self-storage industry, your facility itself is probably one of your most significant assets. Unlike other industries that are considering going partly or wholly remote after the pandemic, the self storage industry will always need a large physical space to run its business. Therefore, it makes sense to continuously invest in the…
Glendale, CA-based Public Storage, the world’s largest owner of self-storage facilities, has struck a deal that will make it a little bit bigger. Public Storage announced that the company entered an agreement to buy 48 self-storage locations from Columbia, MD-based ezStorage for a total of $1.8 billion. Public Storage plans to fund the purchase with…
Stache, a company growing the sharing economy, is expanding its storage marketplace to Atlanta, Charlotte, Raleigh, and the Chapel Hill-Durham communities, building out its business in the Southeast region. Self-storage units are heavily used, with one in 10 American families renting space every year. Stache provides an alternative where people can share their excess space…
Studies have shown that a growing number of customers value the importance of sustainability when making purchasing decisions. According to a Nielsen survey, almost half of U.S shoppers are actually willing to alter their consumption habits if it helps the environment. This trend is especially important for self-storage companies across the United States. In particular,…
