Industry News

Jamaica may be the home of rum runners, Bob Marley, and exotic vacations, but soon it will be home something a little less exotic—a new self storage facility. Developer Peter Issa has been spending some time in Barbican, Kingston, Jamaica scouting out sites for a new self storage facility geared toward both commercial and personal use. This facility won’t be...

With the demand for self storage on the rise, many companies are doing what they can to expand their holdings. A-1 Self Storage recently did just that with the opening of its latest facility in San Jose, California. The 85,252 square foot facility will have 799 storage units and will offer state-of-the-art security. “We are proud to be part of the San Jose community,”...

When its time to find outside storage options, the task can be more daunting than expected. What many suppose will take a few quick phone calls turns into a daylong research project, especially as one tries to analyze prices. One quickly realizes size isn’t the only cost differential as new questions arise such as: which facilities offer climate control or 24-hour...

West Greeley Self Storage in Colorado is being given a big reason to start a small business—money. Through the county in Colorado’s Small Business Incentive Program, the County Commission has approved the facility to receive a $20,000 tax credit. The county hopes to encourage small business by helping them offset the cost of land use, building permits, and other...

Southeastern Wisconsin is currently seeing a lot of growth in its self storage industry. Investors are on the prowl for existing facilities and new locations, and lenders are working with them to get projects off the ground. The area has especially seen a lot of activity in the past year, and expects to see even more in the coming months. “It’s been a trend over...

Self storage is commonly used in business settings; from storage for contractors’ building supplies to apparel businesses’s inventory to attorneys’ files. Very few self-storage facilities actually allow the running of a business from the facility itself. One unlikely business, however, has found an exception. Eric Desrosier owns Eric’s Pre-Owned Vehicles,...

The self storage industry is thriving in the United States with more than 50,000 facilities nationwide making more than $24 billion in revenue. With that high number of facilities, one may think there was not a town left without self storage. Edwards, Colorado, however, does not have one—until now, that is. Real estate developers Brad and Bruce Hagedorn have received...

As it turns out, the self storage industry may be more exciting than the average consumer would assume. Self storage has been featured in numerous films and television shows over the years. It has been at the center of plays and comic books. Soon, self storage will be a central element in a series of graphic novels, appropriately entitled ‘Enough Self-Storage.’ The...

The market for self-storage facilities is more and more competitive, with facilities selling for higher prices all the time. Competition is so high, in fact, that a facility in Hollywood, Florida recently sold for a record setting price. Emerald Hills Extra Closet Self Storage, a facility with 128,797 square feet of rentable space divided among 1,970 storage units,...

In order to generate additional traffic, businesses—including self storage—will often combine to form commercial centers or multi-purpose hubs. If the businesses are complimentary, oftentimes customers will find a need for both. Interestingly, even if they are not complimentary, businesses may benefit from each other. A recently approved business center in Gympie,...