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…

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…

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…

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…