For many prospective storage tenants moving into a storage facility can be emotional and even uncomfortable. We as operators all know there are several circumstances that lead up to this move or transition, some negative and others positive. With all emotional ties with each of these life-changing events, it is the job of operators to…
Liberty Investment Properties recently announced that it has promoted Mark Poole from Regional Manager to Director of Operations for Self Storage Operations. Liberty specializes in the development and operation of high-performing, income producing, commercial real estate. Poole also serves as the current Chairman of the National Self Storage Association’s Young Leaders Group (YLG) and President…
The principal of Ft. Lauderdale-based Wheat Capital Management, Daniel Joseph Touizer, was arrested this week for allegedly bilking 150 investors out of $19 million. The company is developing a trio of self-storage facilities in Margate, Pembroke Pines and Miami, that are scheduled for completion in 2018. The company had plans to build 10 to 12 facilities…
The self storage industry has operated in the same manner for a long time and not much new innovation has triggered the consumer to stop and take notice. Until recently. We know that the self-storage industry is a fragmented business with some 50,000 facilities in the United States. Self-storage continues to show tremendous resiliency and growth with…
People starting a new job often bring a few personal items, perhaps a cell phone, a potted plant and a file of business contacts. When Travis Morrow assumes his new role as president of the Self Storage Division at San Diego-based Strat Property Management Inc. on August 1st, he will be bringing something a bit…
Editor’s note: The following op/ed piece is the opinion of the author. Interested in submitting your industry observations? Contact editor@sparefoot.com Traditionally an overlooked industry, self-storage has seen a surge in new customers and a growing interest by commercial real estate investors over the last few years. According to a recent market forecast by IBISWorld, revenue…
Buying power and making buying decisions for high-ticket items have become more complex in our fast paced society and so have the key roles for those who make those ultimate household financial decisions. It has been discovered females make most of the major purchases and many more that influence their family or extended family. We…
Regional operators in the self-storage industry, often ask: “How can I compete against the big guys?” “Can I have market share with Public Storage? Extra Space or CubeSmart?” “With price, competition, size selection and all their technology… how can I compare? Where do I get the horsepower?” Regional operators don’t always have the flexibility to…
As editor of the SpareFoot Storage Beat, I’d like to take a quick moment to share some exciting news from SpareFoot. Every year, Inside Self Storage hosts a Best of Business contest for the best vendors in the storage industry. We’re humbled and excited to say that SpareFoot has won Best Online Directory six consecutive…
The self-storage industry is in the midst of a development boom, and the deserts and mountains of Utah are no exception. There are about a dozen new projects underway in the city, which has a metro population around 1.1 million, the 48th largest metro area in the country. So what’s encouraging developers to build here?…
