JT Mitchell: Mar 13, 2024 6:00:00 PM
The primary risk facing self storage development is the potential oversaturation with new facilities opening in tandem in the same trade area. A surge in competition during the initial lease-up phase can significantly lengthen the term and potentially...
JT Mitchell: Jan 24, 2024 10:44:32 AM
Self storage is all about the fundamentals present in the local area. The average self storage facility in the top 50 markets contains just less than 55,000 net rentable square feet. With an average unit size of 100 square feet, it takes 490...
JT Mitchell: Jun 23, 2023 5:36:23 PM
Not all commercial real estate investments are equal. Diverse demand drivers have allowed the self storage industry to historically outperform other sectors through economic ups and downs. Currently, the office market suffers from low occupancy, a result...
10 MIN READ
JT Mitchell
Jun 23, 2023 5:36:23 PM