Gary Edmonds, CEO of The Storage Manager, recently attended the National SSA Conference, the ISS Conference, and a few smaller industry events. Now, he's sharing some key takeaways below and in an online video that could be valuable for any self-storage operator.
Rental Rates on the Rise
Industry trends indicate that rental rates are starting to climb again—a positive sign for facilities. This may be a good time to review current pricing strategy and consider adjustments where appropriate.
Caution in Overbuilt Markets
Despite the overall optimism, there’s still reason to be cautious in regions where supply could be outpacing demand. Overbuilding remains a concern, and so it's important to be proactive to avoid occupancy challenges in those markets.
Facility Photos & Online Presence
Another consistent theme across the conferences was the importance of a strong digital footprint. Refreshing facility photos and ensuring your online presence is top-tier could make a meaningful difference in attracting new tenants.
View the video below. Learn more about The Storage Manager here.