Self-Storage “Bad Times?”
“Self-storage rents have dropped 20% to 30% since the start of the year.” “Sales transactions are down 57%.” “Interest rates are rising.” “Construction costs are up 40%.” Watch on YouTube These are just some of the headlines we see today in much of the self-storage...
Economic Data Interpretation from a Self Storage Person…Not an Economist Pt. 2
Last week, as a self storage person, not an economist, I shared my ideas on inflation. Inflation is the driver of what is happening to our economy at this moment in time. I also suggested, to whatever degree possible, that we put aside our political leanings because...
Economic Data Interpretation From a Self Storage Person… Not an Economist PT. 1
Yes, I am a self storage person interpreting the economic data points and sharing how I see it fitting into our area of interest, self storage. Now depending on which news silo you get most of your “news” from, you hear vastly different interpretations of economic...
This Thanksgiving I Was Grateful for the “Slowdown” in the Self Storage Space
Is there really a slowdown in the self storage space due to rising interest rates? There appears to be, but for me, at least, the total picture isn’t quite in yet. Like our world today, the self storage industry is a mixed bag of contradictions. As small investors,...
Back to Self Storage Reality?
I was reminded by a friend and someone I have been working with for a number of years just how naive I was four or five years ago about the self storage industry. I remember writing and saying, “With all the data and technology available today, there is no need for...
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