100 Dollars frozen and cracked ice. 100 Dollars frozen and cracked ice.

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…

crowdsource crowdsource

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…

Federal Reserve building with twenty dollar bill on grunge texture Federal Reserve building with twenty dollar bill on grunge texture

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…

A collection of renderings of self-storage projects designed by ODA. A collection of renderings of self-storage projects designed by ODA.

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…