As this development cycle enters the later stages there are many instances of submarket trade areas where multiple new self-storage projects have been delivered within short-order of each other. Numerous developer clients that work nationally have raised the question of the impact of these deliveries to their leasing velocity and the timing to attain “economic…
The state of Arizona is experiencing a period of mass migration. In fact, Maricopa County, where the city of Phoenix is located, had more people move to it than any other county in the country last year. This influx of people moving from the west coast and an increase in apartment complexes in Arizona has…
More change is in the air for the self-storage industry. In mid-January, Newmark Knight Frank added Chris Sonne and Jonathan Lang to its Valuation & Advisory Self-storage practice. Both moved to NKF’s Irvine, California, office from CBRE’s Newport Beach office. NKF created a self-storage valuation specialty about six months ago and has added several industry…
Now under the umbrella of Cushman & Wakefield, veteran self-storage broker Mike Mele envisions his team executing $1 billion in annual deal volume by 2024. Ten years after its formation, most members of the Mele-directed self-storage brokerage team at Marcus & Millichap recently jumped to commercial real estate competitor Cushman & Wakefield. The team ranks…
Union Realtime, a provider of data and analytics solutions for the self-storage industry, has hired Theresa Gallas to serve as its chief business development officer. Previously Gallas was president of List Self Storage, a property listing website for the industry which she co-founded. At Union Realtime, Gallas will be responsible for developing client relationships, general…
Austin, TX-based FineView Marketing has tapped Chuck Vion to serve as its chief marketing officer. Vion was most recently marketing director for SiteLink, the self-storage management software company. Vion comes with a total of 22 years of marketing and self-storage experience, including three and half years as marketing director at SiteLink. Vion will be responsible…
Self-storage industry figure Rick Yonis passed away last month at the age of 61. A fixture at state and national trade shows, Yonis was president of Sentry Self Storage Management, a Coral Springs, FL-based operator with 24 owned and managed facilities in Texas, Florida, Georgia and South Carolina. Yonis stepped down from the position in…
After a long and distinguished career working mostly at large self-storage companies, including a few self-storage REITs, Cynthia Ashby decided it was time for a change. A year ago, she struck out on her own and founded Georgia-based Dynamic Self Storage Solutions, a sort of hybrid project management, consulting and auditing firm within the self-storage…
Move-in rate is a tremendously important metric for the self-storage industry, measuring the number of leads at a given facility that turn into rent-paying tenants. On SpareFoot, the average move-in rate is at least 46 percent for any given month of the year. But, there are a lot of things that can impact how often…
Store Space Self Storage has sprinted out of the gate after opening shop last spring. The company is spearheaded by Chris Harris and Rob Consalvo, former executives at iStorage. The Orlando, Florida-based company already is operating seven locations in its home state, Texas and Indiana, and recently purchased three more properties in Philadelphia. What enabled…
