Self-Storage Market Update: Key Transactions and Developments in May 2024 Hey Storage Pros, I hope you’re all doing great and your facilities are running smoothly. This week, I’ve got some exciting news and updates from the self-storage world to share. But first, let’s talk about something every manager faces at some point—dealing with employees who…
Navigating Employee Resistance to Change: A Comprehensive Approach Change is the only constant in today’s fast-paced business environment. Yet, one of the most significant challenges organizations face is employees who dig in their heels and resist change like it’s a personal vendetta. Understanding and managing this resistance isn’t just a nice-to-have—it’s crucial for survival. Let’s…
In the latest episode of the Self-Storage Podcast, Scott Meyers delves deep into the intricacies of self-storage site development. Titled “Breaking Ground: The Next Steps in Self Storage Site Development,” Scott offers a thorough walkthrough from zoning challenges to final construction hurdles. But is this episode a gold mine of information or just a lengthy…
Today’s newsletter highlights significant industry developments, including Corey Rasmussen’s strategic move to Storage Exchange and the innovative wine cellar launch by Compass Self Storage in Florida. These stories underscore the dynamic evolution of the self-storage industry and its expansion into specialized market segments. Corey Rasmussen Steps into a New Venture with Storage ExchangeCorey Rasmussen has…
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…
In a world where space is more crowded than a discount flight to Cancun during spring break, innovative solutions like Aberdeen’s keyless self-storage units are swooping in to save the day. Picture this: no more wrestling with rusty padlocks or losing keys just when you need to stash your collection of life’s miscellanea. Meanwhile, across…
Amid the neatly stacked boxes and rolling storage doors, a high-stakes drama unfolds in the self-storage sector. Etude Storage Partners LLC, with its eyes set on expanding its empire, has lobbed a third acquisition proposal at the steadfast Global Self Storage. The offer: a crisp $6.15 per share, totaling nearly $70 million—a figure that would…
If you’re not measuring results, you’re just fooling yourself. It’s like stumbling around in the dark, hoping you’ll magically be where you want to be. Newsflash: it doesn’t work that way. You need clarity and accountability so everyone in your little corporate kingdom knows what success looks like and how their daily grind contributes to…
Are you tired of the same old, mundane updates from the self-storage industry? Brace yourself! We’re spicing things up with a dive into Florida’s perplexing legal updates, indispensable tax strategies straight from the pros, and the latest tech-savvy tips to turbocharge your facility’s allure. Imagine streamlining operations while sidestepping costly legal snares. Stay tuned as…
In a recent article by The Week, Singapore-based StorHub Group announced the appointment of Raju Ruparelia as their new CEO. Ruparelia, a seasoned business growth and transformation expert, takes the reins from Mike Hagbeck, the Group’s co-founder and CEO. Hagbeck now moves to a Non-Executive Chairman role, utilizing his extensive experience to guide long-term strategy…
