Responding to disasters is one of the most important activities that employees can be asked to handle. From natural disasters like hurricanes and earthquakes to technological situations such as power outages, chemical spills, and transportation...
Whether it be by fire, flood, or storm, there is a recognizable risk to all real estate that it could be affected by acts of God that could damage the improvements on the land and, in the case of self-storage, damage the stored contents held within the...
The employee’s request had a certain degree of logic. He had just received a prescription for medical marijuana from a naturopathic physician. Could he get permission to smoke the substance on the job?
The employee argued that Colorado—the state where...
Reality television shows such as “Storage Wars” have popularized self-storage auctions. To the average consumer, they’re full of drama, colorful characters, and fun.
However, those in the self-storage industry know preparing for auctions isn’t fun, and...
For the self-storage industry, 2020 was an outstanding year with an unprecedented amount of new capital entering the sector. Some of this can be attributed to rising demand for storage as people facing a pandemic adjusted their living situations. Also...
Owners and operators who were part of the first- and second-generation wave of self-storage may have lived by the “build it and they will come” adage. Provided the facility was built in a high traffic area, most self-storage facilities didn’t have to do...
From vacant big box buildings and urban infill locations to parcels in secondary markets or municipalities with high barriers to entry, there is no shortage of potential sites for self-storage developments. Nevertheless, not every plot is practical for...
Exploring Tertiary Markets
Growth—it’s the universal trend of post-World War II America. When our central cities, and later our suburban areas, expand in total population and in density, the economic forces of nature point prospective investors in new...
In the game of Monopoly, players move their piece around the board in an attempt to purchase as many properties as possible. When a player has procured all the properties within the same color group, he/she can begin building houses, and eventually...
Has The Industry’s Development Cycle Passed Its Peak?
The self-storage industry has been living in a fantasy world for the past few years, a kind of mercantile paradise where net income always climbed, buildings were fully occupied, the cost of capital...
0