Self-storage operators can reduce their reliance on lead aggregators by investing in direct channels such a digital advertising and their own website. Consider the following four tips to “wake up” your facility’s online presence.
Author Mark Helm Explains the Importance of Cap Rates in Today’s Self-Storage Market
Capitalization rates are used regularly in the self-storage industry to help set real estate prices, but understanding what cap rates are and why they’re useful can be confusing. In this video, Mark Helm, author of “Creating Wealth Through …
U-Haul to Build Mixed-Use ‘Smart Mobility Center’ Featuring Self-Storage in Tallahassee, FL
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, intends to build a “Smart Mobility Center” on 24 acres in Tallahassee, Fla.
Self-Storage Marketplace SpareFoot Partners With Portable-Storage Provider PODS
SpareFoot, an online marketplace for self-storage consumers, is partnering with PODS Enterprises LLC, a national provider of portable-storage containers, to provide its users with more storage options. The addition to the SpareFoot website will allow c…
Big Yellow Self Storage to Expand Leeds, England, Location
U.K. self-storage operator Big Yellow Group PLC has submitted plans with the city to expand its facility in Leeds, England. The company intends to add 28 storage units to the property at 1 Gelderd Place, according to the source.
Embracing Mixed-Use Self-Storage Development in Scotland
When Storage Vault set out to build its second self-storage property in Scotland, the company first examined the needs of its customer base. What it discovered would take the growing company down a new path: mixed-use development.
New Proguard Self Storage Facility Goes Up in West Houston
Proguard Self Storage, which operates five facilities throughout the Houston area, has broken ground on a new location in West Houston. The six-story property will comprise 268,593 square feet of storage space in 1,753 climate-controlled units. It&rsqu…
Stor-Age Builds New Self-Storage Facility in Craighall, Johannesburg, South Africa
Stor-Age Property REIT, which operates self-storage facilities in South Africa and the United Kingdom, has entered a R95-million transaction for the development and acquisition of a new property in Craighall, Johannesburg, South Africa. Valued at R19 m…
Harrison Street Acquires 2-Facility Mallory Station Self-Storage Portfolio in Nashville Market
Investment-management firm Harrison Street Real Estate Capital LLC (HSRE), which has extensive interests in “needs-based” real estate, including self-storage, has acquired a two-property portfolio in the Nashville market from Mallory Statio…
Self-Storage Facility Valuation in a Changing Market: Factors, Methods and Optimization
It’s helpful for a self-storage owner to understand the current real estate market, even if he isn’t interested in buying or selling, as it can impact the success of his business. Here’s advice on how to determine a property’s v…