No doubt about it, there is a lot of self-storage out there today. One thing about it, however, is that the majority of the new self-storage construction has been focused in the larger, tier one markets. We have all heard about Dallas/Ft. Worth bringing on 16% to 20%...
This week’s episode will be short and sweet because I am attending the Self Storage Association ion Las Vegas. Here is an interview of me that Kris Bennett did for his Self-Storage Show a few weeks ago. I hope you find it interesting and beneficial. We discussed where...
I get asked that question a lot? “How much can I pay for land to build self-storage on?” Or… “How much can I pay for a building to put self-storage in?” If you have been following me at all, you most likely know I have a fairly stock answer to most questions…” It...
Over the past few years, I have been expecting CAP rates to start going up, making self-storage pricing more realistic. I’m still waiting. How about you? Have you seen much of a change in storage pricing compared to NOI? What would change it, and could that happen in...
Self Storage is a retail play as much as a real estate play. I know the majority of us come from a real estate background, but believe me, if we are going to make it in this business today, we had better start thinking like a retailer. Or at least like a...
Whatever city you are in, no matter where you go, you see new self-storage being built. Even people who have nothing to do with the industry, when they hear you are involved with self-storage in some way, will comment, “I see it going up everywhere.” All this leads us...
Whatever city you are in, no matter where you go, you see new self-storage being built. Even people who have nothing to do with the industry, when they hear you are involved with self-storage in some way, will comment, “I see it going up everywhere.” All this leads us...
Is Self-Storage Over Building Catastrophic? Well, I guess it depends. It depends on where you are in the country, where you are in your submarket, but mostly where you are in your lease-up or ownership cycle of the facility. Look, it is bound to happen to every...
I discussed in last weeks’ episode How To Analysis An Expansion self-storage opportunity. This week, let’s look at a conversion. When we say conversion, what I mean is we take an existing vacant building and convert it to self-storage. In my opinion, in today’s...
I discussed in last weeks’ episode How To Analyze An Expansion self-storage opportunity. This week, lets look at a conversion. When we say conversion, what I mean is we take an existing vacant building and convert it to self-storage. In my opinion, in today’s market,...
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