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…
In a move that’s shaking the foundations of self-storage security, PTI Security Systems, a key player within the ASSA ABLOY Group, has unleashed its latest innovation—the AP1 keypad. This state-of-the-art device is not just an upgrade; it’s a complete overhaul aimed at redefining how self-storage facilities secure and manage access. “Imagine a world where your…
Mason Shaw, director of operations for American Storage South and Keep It Simple Storage Solutions, writes in her recent blog post on Inside Self Storage about the transformative impact of smart locks on the self-storage industry. Titled “The Great Transition: Embracing Smart Lock Technology in Self-Storage,” Shaw delves into the shift from traditional locks to…
Innovating Beyond Space: How Small Self-Storage Operators Can Outshine Industry Giants In the competitive realm of self-storage, small operators are often overshadowed by the colossal presence of industry giants. However, the key to thriving in this environment lies in competing and innovating. By adopting creative and technologically advanced strategies, small self-storage businesses can offer unique…
10 Federal reported a significant accomplishment in its latest capital-raising endeavor. Despite the economic challenges of 2023, the company managed to rise above and beyond its $100 million fundraising goal in its fourth self-storage offering. This achievement reflects the confidence and high demand from investors and solidifies 10 Federal’s standing in the self-storage sector. Despite…
In a shocking series of events that left industry insiders and casual hoarders alike in a state of bemused curiosity, the self-storage world was rocked this week by a Las Vegas man’s discovery of his cherished heirlooms mysteriously vanishing from his CubeSmart unit, sparking a nationwide debate on the effectiveness of security cameras and the…
Franklin Celebrates the Development of Go Store’s Ninth Property in Tennessee Go Store It, an affiliate of Madison Capital Group, commenced the building work on its newest project. This mammoth, 109,000-square-foot, Class A self-storage facility is taking shape in the Nashville suburb of Franklin. More details can be found in the full article on List…
In a significant development for the self-storage industry, Storage Rentals of America, a leading provider of rental spaces, has reportedly purchased a high-ticket property in North Carolina for $500k per acre, as broken by The Business Journals. The deal has raised eyebrows for its price, underscoring the escalating value of land in storage-industry acquisitions. This…
The self-storage sector is witnessing a notable change in its user demographic, according to a recent report covered by Bozeman Daily Chronicle. The study indicates a significant upswing in the number of younger people resorting to storing items in such facilities. In the tide of moving households or simply accumulating souvenirs, Millennials are occupying an…
Picture: StorageMart Expands Indiana In a recent press release noted by listselfstorage.com, StorageMart, an internationally renowned self-storage company, it was announced the opening of its latest facility in Indianapolis, Indiana. Located on East Washington Street, this novel facility provides a solution for residents and businesses seeking secure, climate-controlled self-storage options. The new StorageMart location boasts…