Does Lower Market Saturation (SF/C) Lead To Higher Storage Rates?
Does Lower Market Saturation (SF/C) Lead To Higher Storage Rates? Self-storage demand can feel like an unsolvable puzzle. But what if the key lies in one metric (square foot per capita [SF/C]) and its connection to street rates? Spoiler alert: It’s fascinating. I dove into 225 of the top MSAs in the U.S. to see […]
Comparing REIT’s Discounting Strategy
Revealing the Gap Between Street and Web Rates TractIQ is breaking down six years of self-storage discounting data in a 10-part series. Below, are parts 6-10. Scroll to the bottom to download all 10 parts of the report. First, let’s begin with some context and a few definitions. Self-storage customers sign monthly leases, which carries a double-edged […]
2024 Self-Storage US Real Estate Market Value
2024 Self-Storage Real Estate Market Value Is there anything more exciting than storing old high school yearbooks, holiday decorations, and outdated furniture? It’s understandable that self-storage may be off the list of lively dinner conversations, but real estate investors would argue the industry is anything but boring. In recent history, the self-storage asset […]
Self Storage Discounting 2018-2024
Revealing the Gap Between Street and Web Rates – Self Storage Discounting 2018-2024 TractIQ is breaking down six years of self-storage discounting data in a 10-part series. Below, Parts 1-5 cover major shifts in discounting strategies across the industry. First, let’s begin with some context and a few definitions. Self-storage customers sign monthly leases, which carries a […]
What demographics factors do Storage REITs analyze?
What demographics factors do Storage REITs analyze? Consolidation in the self-storage industry has been rampant for the past few decades. According to data analyzed by Armand Aghadjanians, self-storage properties owned by smaller operators dropped from 73% in 2018 to 64% in 2023. As the industry continues to become more institutionalized, self-storage owners should think critically about […]
The Relationship Between Homeownership and Self-Storage Growth
The Relationship Between Homeownership and Self-Storage Growth U.S. counties with the highest percentages of owner-occupied housing are among the places that are expected to post the slowest growth for self-storage facilities, according to a TractIQ review of survey data. Among places with more than 25 existing self-storage facilities, Lapeer County, Mich., with a homeownership rate […]
What is the Per-Capita Self-Storage Square Footage for your County?
What is the Per-Capita Self-Storage Square Footage for your County? The three fastest-growing big U.S. counties through 2026 have two things in common: They’re all in Texas, and they all either exceed or come close to having the average amount of self-storage space per U.S. resident, according to an analysis of TractIQ data. The Dallas […]
Self-Storage Boom: Top Metro Counties Set to Expand
Self-Storage Boom: Top Metro Counties Set to Expand The greatest number of new self-storage facilities are planned – predictably – in some of the nation’s fastest-growing metro counties, according to a TractIQ analysis of proprietary data. Developers in Harris County, Texas, plan to add 300 new facilities to the current 528, adding more than 2.1 […]
Upcoming Self-Storage Capacity Boost: Counties to Increase by 40%
Upcoming Self-Storage Capacity Boost: Counties to Increase by 40% A half-dozen counties are expected to increase their square footage of self-storage by 40 percent or more, according to a TractIQ analysis of proprietary data. Dawson County, Neb., is likely to expand its self-storage capacity by 90.9 percent, adding 146,000 square feet to its current 14,581 […]
