Education

Self Storage Market Update: Notes from the 2023 SSA Conference

I spent this week at the annual Self Storage Association (SSA) conference meeting with developers, vendors and other industry professionals. Here are some of the highlights:

How Natural Disasters Impact Long Term Self Storage Demand

The recent fires that occurred on Maui were horrific, and a disclaimer to this analysis is that we don’t wish for them to occur, we wish they didn’t, and don’t aim to capitalize off of the hardship of anyone, but I was prompted to think through this...

Hidden Changes in Self Storage Rents: How REIT strategy has shifted

This week, I had the following conversation on X (f/k/a Twitter), which reflects a recent industry shift in REIT pricing strategy:

Self Storage Industry's Hidden Profits

Here are two facts about the state of the self storage industry compared to this time last year:

I Left Finance for Self Storage - Here’s Why I’m All In

I Got Damn Lucky by Falling into Self Storage

What the Wall Street Journal didn't include from our interview

The Wall Street Journal interviewed me for an article that they published yesterday (Tuesday, July 25th). Here’s what I think are the most important takeaways from the information we provided:

The Current State of the Self Storage Market: June 2023

Self Storage development is as hard as it gets right now.

A New Bull Market for Self Storage

Demand and Occupancy Surge, Driving Rental Rates to Near Record COVID-19 has created a surge in demand for self-storage space since the second half of 2020, boosting rental rates and occupancies to or near all-time highs. This surge in demand has...

It Ain't Seasonal

It Ain't Seasonal Cory Sylvester, Principal Self storage web rates continued their strong performance through mid-December. Using 10x10 climate-controlled web rates as our proxy, ending November rates were approximately 19% higher than they...