A shoulder to the wheel of Baxter’s developmental projects, a new initiative has been proposed by prominent local restaurateur Bob Sullivan, renowned for operating franchises including Wendy’s, Firehouse Subs, and Blaze Pizza. Sullivan appeared before the Baxter City Council on Tuesday, January 2, proposing establishing a sizeable storage facility near County Highway 77 (Pine Beach…
In a comprehensive piece penned by Gary Edmonds, owner of Pike Co. Storage on Inside Self Storage, the world of boat and RV storage is illuminated. Unlike traditional self-storage facilities, Boat and RV storage brings a more upbeat clientele, a testament to the joy these profusely cherished possessions bring their owners. However, this unique facet…
In the first ten months of 2023, the self-storage industry in the United States witnessed a decline in investor activity. Notwithstanding previous industry resilience, economic uncertainty led to a nationwide transaction volume of over $2.2 billion, reflecting a significant decrease from the $8.4 billion sales volume during the same period in 2022. The average price…
As the self-storage industry’s growth rate is expected to hit a staggering 7.53% between 2022 and 2027, it’s evident that storage facilities must adapt swiftly to stay competitive. Businesses can significantly improve their productivity, efficiency, and profitability by leveraging digital solutions and innovative technology. Here are seven compelling strategies based on insights shared by Miles…
The significant merger between Extra Space Storage and Life Storage, two leading American Real Estate Investment Trusts (REITs) revolving around self-storage, marks a historical shift in the industry. The merger was consummated on July 20, 2023, upon shareholders’ approval from both sides. The combined entity emerges as the largest self-storage operator in the United States,…
In a recent post by Inside Self-Storage, a leading expert voice on Twitter in the self-storage industry, a call to readiness, change, and adapting to fresh challenges heralds for businesses in the sector for 2024. The freshly minted tweet, dated January 10, 2024, beckons companies in the self-storage industry to prepare to take flight this…
In a comprehensive analysis published on Seeking Alpha titled “Public Storage: A REIT for Investors Looking to Collect Dividends for the Long Term,” the author articulates why Public Storage (NYSE: PSA) should be a quintessential part of investors’ portfolios. Despite the 2023 volatility in the REIT sector due to escalating interest rates, Public Storage remained…
The self-storage industry is witnessing significant zoning controversies in Old Lyme, Connecticut. The local Zoning Commission recently rejected a planning application for three 35-foot-tall storage buildings. This marks the second dismissal of the storage construction project initiated by Kid’s Realty, LLC and Pond Road, LLC. The Zoning Commission’s dismissal delved into the complexities surrounding the…
The US-based company, 1784 Holdings, known for its premium development, construction, and expertise in self-storage facilities, is foraying into the UK market. This notable information comes via a planning statement submitted to Broadland District Council (BDC), denoting its strategic intention to “expand its portfolio” across the UK. As detailed in the submitted application, the proposed…
Yardi Matrix’s Vice President and General Manager, Jeff Adler, uncovers the self-storage industry’s intricate relationship with the housing market in a recent in-depth report on Toy Storage Nation. Adler highlights how increasing housing costs and inelastic incomes have led to an unaffordable housing landscape, which has significantly damaged home sales. Such a scenario indirectly influences…
