Self Storage Industry Trends for 2024
Industry Trends Over the years, the self-storage industry has stayed promising because families continue to grow and acquire more possessions. Not only are households using self storage, but all types of businesses continue to need space for inventory and supplies. As the industry evolves, self-storage investors and operators need to stay ahead of the curve. ...
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Getting Your Property Zoned for a Self Storage Facility
So, you’ve got this piece of property or vacant building in a desirable area. Your sights are set on turning it into a self storage facility. That’s awesome! But wait, before you get too excited, there’s a crucial step you need to tackle first: zoning. Zoning for self storage is an adventure in itself. To ...
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Keep Your Roll-Up Doors in Top Condition
When your customers leave their belongings at your self storage facility, they’re trusting that their items will be protected from potential hazards. Updated security systems, on-site managers, and a well-maintained property play a major role in keeping your tenants’ possessions safe. There is, however, another important feature that should be considered – your roll-up doors. ...
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Self Storage Will Always Be a People Business
Automation vs Face-to-Face Self-storage has always been and will remain a human-related business. Pinnacle Storage Property employees are prioritized to make sure they have a pleasant work environment and a team-oriented attitude. We also form solid associations with our vendors and look to provide our customers with honesty, value, and excellent customer service. While automation ...
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Self Storage Continues to Thrive and Remains Recession Resistant
According to an article in the New York Post, a survey by the Pew Research Center states that “96% of Americans are ‘very’ or ‘somewhat’ concerned about the rising prices of food and other consumer goods. Almost the same percentage of respondents (94%) said they were very or somewhat concerned about rising prices for gas ...
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Why Investors are Taking a Hard Look at the Self Storage Industry
While the need for extra space isn’t anything new, it is likely to continue. The events of the past two years have caused people to reevaluate their living situations for a number of reasons. The first is the popularity of remote work. People who can do their jobs from anywhere are taking this opportunity to ...
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Is There a Typical Self Storage Investor?
Americans are huge consumers. They love to buy stuff. When they’ve spent a good portion of their lives accumulating all of this stuff, their storage space is exhausted. What do they do with the items they buy—the extra furniture that they no longer use, the boxes packed full of forgotten things, and the recreational vehicles ...
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How Smart Entry Technology Benefits Self Storage Tenants
For those of you who are not “digital natives” and want to function comfortably in the current “tech” environment, it’s important to understand smart technology. According to Netlingo, smart technology is: “A catch-all phrase for a wide variety of technology that is made possible by the convergence of two trends that will profoundly reshape the ...
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What You Need to Know to Get Started in Self Storage Investment
As investments go, self storage sounds humdrum. It’s not as sophisticated as a high-end shopping mall or an upscale restaurant. Nevertheless, this boring industry can be a sound investment that enables you to grow wealth with little capital outlay. Self storage investing is not only for the wealthy. It’s attracting single-family, multifamily, and commercial real ...
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