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…
Updated 03/28/2017 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…
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…
A New York startup believes payroll data provides a more accurate view of self-storage demand than the industry’s long-held focus on population metrics. Union Realtime will soon unveil a technology offering, called Genesis, for self-storage owners/operators that tracks payroll data and other metrics to help them make business decisions such as where to acquire or…
As the self-storage industry heads into 2017, old and new players alike are looking to make their mark in an increasingly competitive self-storage industry. Based on their past performance and future plans, here are 10 storage companies we expect to make headlines in 2017: 1. Baranof Holdings Self-storage developer – Dallas, TX 2016 accomplishments: Broke…
This past year was yet another banner year for the self-storage industry in America – with increasing revenues, high occupancy rates, low cap and interest rates that made transactions attractive, and high demand but low supply of space that encouraged new construction and conversions. So how can the industry possibly repeat that performance in 2017?…
