Hurricane Harvey Impacts Hurricane Harvey Impacts

Self-storage operators and developers are picking up the pieces after a pair of powerful hurricanes brought unprecedented destruction to areas of Florida and Texas. In the aftermath of Hurricane Irma and Hurricane Harvey, self-storage operators reported a number of their facilities had closed, had been damaged or both. Many affected facilities have since reopened, and…

The site of a former Target at 3757 Floyd Road in Cobb County, GA is on its way to becoming a self-storage facility and townhome development. The site of a former Target at 3757 Floyd Road in Cobb County, GA is on its way to becoming a self-storage facility and townhome development.

The South Florida city of Margate won’t allow any new self-storage facilities to open within its borders. “We have nine in nine square miles,” Vice Mayor Arlene Schwartz told the South Florida Sun-Sentinel. “I think we have enough.” And Commissioner Anthony Caggiano added, “We should be a place where people and business move in, not…

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After just over a year of development, a Beverly Hills, CA-based developer has completed work on Hawaii’s newest self-storage development. Not only is it the newest, but the 53,000-rentable-square-foot facility at 94-130 Leokane Street in Waipahu is also one of the first conversions of an existing property to self-storage on the island, according to broker Stephen…

A Planet Storage facility in Quakertown, PA. A Planet Storage facility in Quakertown, PA.

A 14-facility portfolio of Planet Self Storage facilities has been sold. The portfolio comprises more than 635,000 square feet and 6,272 self-storage units at facilities in Connecticut, Massachusetts, New Jersey and Pennsylvania. According to the Planet Self Storage website, the self-storage operator still has six facilities in Connecticut, Massachusetts and New York. Bill Sitar Jr.,…

self-storage unit self-storage unit

Updated 09/19/2017 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. Largest self-storage operators (publicly traded) in the…

boombox boombox

A new Bay Area on-demand storage company is on a mission to help alleviate the area’s homelessness problem while growing its business. Founded in February 2017, San Francisco-based Boombox Storage has pledged to donate the first month’s rent of any customer who switches from self-storage to its full-service model to a Bay Area homeless shelter….

A rendering of the new Safeguard Self Storage facility planned A rendering of the new Safeguard Self Storage facility planned

Jernigan Capital Inc. has closed a $9 million investment in Orlando, FL, for a 779-unit self-storage facility. The Memphis, TN, company provides debt and equity capital to private developers, owners and operators of self-storage facilities. Dean Road Self-Storage and Cassaforte LLC of Orlando are developing the project, which will have 77,000 square feet. Construction begins…

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An affiliate of Prudential Financial has paid $18.5 million for a new self-storage facility in the Little Havana neighborhood of Miami, FL. Broward Havana LLC, owned by Atlanta candy magnate Bruce Weiner, sold the five-story project at 641 NW 12th Ave. to Madison, NJ-based Prudential Variable Contract Real Property Partnership, according to The Real Deal….