Self Storage Statistics: As Fun As Watching a Pay-Per-View Concert Alone

Squeezing Yellow Submarines: Unearthing Gems in the Self-Storage KPI Mine

Unpacking Innovation: The Metrics That Matter in Self Storage

In his recent blog post, Casey McGrath, Director of Revenue Management and Marketing for SpareBox Storage, touches on the significance of Key Performance Indicators (KPIs) in managing a self-storage facility. Focusing on Tenant term, Autopay customer percentage, and Reservation-conversion rate, McGrath emphasizes the importance of digging deeper than the readily accessible metrics. He shares practical insights from his 15 years of experience, explaining conversion and retention strategies with real-world examples. Read the complete blog post here]

Executive Summary:
In his article, Casey McGrath at SpareBox Storage provides valuable insights into key performance indicators (KPIs) for self-storage operators. McGrath identifies three essential KPIs: tenant length of stay, autopay percentage, and reservation-conversion rate. He explains their relevance in shaping marketing, retention, and follow-up strategies, underscoring their role in optimizing revenues and enhancing operational performance. He also shares practical suggestions to apply these KPIs effectively, thus presenting a valuable resource for anyone in the self-storage industry.