Online reviews are rapidly evolving in the self-storage industry as a necessary catalyst for converting goodwill into profitability. In the upcoming webinar organized by TSG, engagement with a panel of industry experts awaits participants. Offering insights into the dynamics of online reviews and their undeniable influence over a facility’s profitability, the webinar is an event…
In a move that reaffirms the continued growth of the self-storage industry, a SecurCare self-storage facility in Greensboro has been purchased for $4.06 million. The buyer, identified in a filing with the Guilford County Register of Deeds as SROA 3730 W. Wendover NC, LLC, is an affiliate of West Palm Beach’s SROA Acquisitions, LLC. The…
Inside Self-Storage published a comprehensive overview of the acquisitions and sales within the self-storage real estate niche in January 2024. Authored by their market research team, the report details several high-profile transactions, offering valuable insights into the industry trends and investment strategies of key players. Among the notable transactions was Silver Star Properties REIT Inc.’s…
In what can be considered a green renovation, the self-storage company Goes Store It, an affiliate of Madison Capital Group has breathed life back into an old office building. The ambitious project is in Pensacola, Florida, where Go Store It has opened a new adaptive reuse self-storage facility. According to Yardi Matrix data, the two-story…
Self-storage sector stalwart Copper Storage Management (CSM), a third-party management firm recognized for its automation power, announced the appointment of Jacob Copper as its new CEO. The announcement follows the retirement of prolific industry veteran Terry Campbell, who will continue contributing to the company as part owner and advisor. Scheduled for effect from Feb. 2,…
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…
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…
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…
