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State of the Self Storage Industry 2015

ROBUST – high occupancies and low cap rates = increased property values! Our industry is in the midst of a very robust period since the beginning of 2013. There has been an increase in property transactions which mirrors levels seen back in 2004-2006. One main variable in the transactions today is they are based primarily on actual income not pro-forma income – meaning values are being based on real income numbers not speculative future income. Interest rates continue to remain low and there are numerous (and very favorable) financing options available to self-storage buyers.

The SSA and ISS recently held their Spring conventions in Washington DC and Las Vegas and the atmosphere at both events was exciting! Attendance continues to grow and the fact that there were so many first time attendees goes to show that the buzz around the self storage industry continues to be invigorating. More often articles are being written by investment professionals touting the self storage industry performance versus all the other real estate classes – self storage is a powerhouse!

New development appears to be on its way back albeit at a much slower pace than during the heyday period 2003-2008 but another good indication of how solid the industry is currently. Property expansions have risen sharply over the past 2-3yrs – another indication that occupancies are at high levels and there is needed supply in the market.
The question remains – how long will this robust period continue? No one can provide a definite answer but there is plenty of speculation. What won’t change is as long as you continue to improve operations – increase income, reduce expenses, effective & targeted marketing, property maintenance etc… – self storage will remain a lucrative & attractive investment for current owners as well as potential owners.

From The Blog

SAM Annual Meeting 2015 Recap

March 19, 2015

Every year Storage Asset Management holds an annual meeting that serves as an awards ceremony and mini-training session for property managers. Property managers from 11 states, ranging geographically from Florida to Connecticut attended.  The meeting kicked off with Jay Hoke, … Continued

S’more Space Storage Now Open!

February 6, 2017

  For Immediate Release                                                                                                     February 1, 2017 Now Open: S’More Space Storage S’more Space Storage is now open for business and accepting new tenants.  The newly constructed facility is located at 581 Stony Battery Road in Landisville. This location … Continued

2018 Mid-Year Update

August 24, 2018

As we head into the fall season, SAM is proud to reflect on its amazing first half of 2018. SAM first would like to announce our results comparing January- June in 2017 to January-June in 2018. In 2018, SAM has increased … Continued

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