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…
Austin, Texas — March 29, 2018 — SpareFoot, the world’s largest online self-storage marketplace, has agreed to acquire SiteLink, a leading provider of cloud-based software solutions for the self-storage industry. The deal will bring together two dynamic companies and allow the combined business to accelerate investment, drive innovation and generate value for both consumers and facility…
Updated 3/21/2018 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. Self-storage sector snapshot Average monthly…
For the sixth year in a row, self-storage rental rates in Florida have continued to increase according to a recent analysis of SpareFoot reservation data. The average price of a storage unit in Florida was over $88 in 2017, up from $85 in 2016. In 2010 the average price of a unit was less than…
Here is a round up of all the self-storage news stories we didn’t get a chance to cover last week. Jernigan funds Miami developer more than $83 million Miami City Self-Storage secured a loan from Jernigan Capital for $83.3 million. The loan is secured by five self-storage facilities in South Florida, two of which are…
Here are three self-storage stories you might have missed this week. Not safe for storage A shoulder-fired rocket launcher was found in an abandoned storage unit at Stuff-It Storage in Hadley, MA. The facility called police when it discovered the weapon. Police said that the weapon is only designed to be used one time, and that…
