crowdsource crowdsource

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…

Federal Reserve building with twenty dollar bill on grunge texture Federal Reserve building with twenty dollar bill on grunge texture

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…

Century Storage is more than double the size of its facility in Davenport, FL. Century Storage is more than double the size of its facility in Davenport, FL.

Phoenix-based Wentworth Storage Company purchased an 11-acre site at 17492 N. 91st Street in North Scottsdale, AZ where it plans to build a 120,000-square-foot self-storage facility. Wentworth purchased the land with its development partner, Crow Holdings, for $4.35 million. Construction is expected to start in the second quarter and be completed by the first quarter…

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StorageMart recently purchased a 78,000-square-foot self-storage facility at 3711 Soquel Drive in Soquel, CA for $18.65 million. The facility, built in 2009, was sold by Store More America. The facility (pictured above) offers 667 units and sits on just over 2-acres. The seller was represented by Bobby Loeffler and Tyler Skelly of the Loeffler Self-Storage Group. The three-property Tempe…

Laptop & iPhone- Stuff in storage Laptop & iPhone- Stuff in storage

The following article is solely the opinion of the author. If you are interested in submitting an op/ed article for the Storage Beat, please contact editor@sparefoot.com. There is no doubt that “on demand” or “full service” storage is making waves within the storage industry, despite the lack of recognition from major self-storage operators. Top investment firms…