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 […]
Webinar
Enter your information to register for the webinar to learn more about using TractIQ for your business. WEBINAR DETAILS: Tuesday, February 11th at 3:00 PM CST WHAT YOU SHOULD KNOW: One lucky webinar attendee will be randomly selected as the winner of a Free 1-Year Subscription to TractIQ Pro (must be present to win) Storelocal members […]
The Gap Between Street and Web Rates
First, let’s begin with some context and a few definitions.Self-storage customers sign monthly leases, which carries a double-edged sword. Storage operators often increase customer rental rates as the demand for storage grows within amarket. This responsiveness helps operators capture revenue quickly in times of strong demand. On the flip side, as demand weakens or prices […]
Nationwide Average Street Rates By State
Download the nationwide average street rate data. As an investor, it’s vital to have quick access to quality data when analyzing a potential market or deal. Enter your information here to download in-depth statewide self-storage data. KEY INSIGHTS PER STATE: Sqft/Capita Number of Stores Average Street Rent Enter your information to instantly download the full […]
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 […]
Identifying Acquisition Opportunities
Identifying Investment Criteria for Self-Storage Acquisition Opportunities:In this video, I discuss the importance of creating an investment criteria for self-storage properties. By setting thoughtful standards, you can efficiently screen out properties that don’t align with your goals. I walk through demographic and facility filters to consider, such as population growth, median income, and square foot […]
