Industry News

For years the preferred method of self storage development has been to buy an existing building and convert it in to a self storage facility. For seller’s it’s a great way to turn a profit on a property no longer in use. For buyer’s it’s a great way to get in to business sooner rather than later. Rather than wait for someone to buy their soon to be former store in Davenport, Iowa, Menards decided to go ahead and do the conversion themselves while still putting the property up for sale. The whole process leading up to the decision...

Inside Self Storage recently announced the winners of their Best of Business Awards. Storage.com received the 2014 Best Marketing Services Award. In 2011, Inside Self Storage (ISS) launched their Best of Business reader-choice awards program. Awards are given in areas such as Best Management Software, Best Customer Service, and Best Builder. Inside Self Storage honors the winners at a special ceremony during the Inside Self Storage World Expo in Las Vegas. Their names are also published online for ISS readers to reference. Storage.com...

According to retail world, you can never start preparing for Christmas too early. While it may seem silly for retailers to already be gearing up for the holiday season, it is the perfect time for self storage facilities (and anyone else) to get their toy drives started. Take San Diego Self Storage as an example. For the last 15 years, the company has partnered up with the U.S. Marine Corps Reserve to assist them in their annual Toys for Tots drive. Come this Saturday, November 1, the company will be doing so once again, but they are not...

Compass Self Storage, part of the family of the Amsdell Companies, recently purchased a self storage facility in Warren, Michigan. The facility will be rebranded as Compass Self Storage and will be the company’s 11th facility in Michigan. The facility is in a good location at 2420 East 14 Mile Road. It is convenient and easily accessible and has over 80,000 net rentable square feet. It has a variety of unit sizes, a digital surveillance system, drive-up unit access, indoor units, and outdoor parking. It also sells moving and packing...

Have you ever heard that there is safety in numbers? Typically when folks use the phrase, they are talking about passing through bad neighborhoods at night, but it applies just as much to going into business in the self storage industry. Not that the self storage industry is dangerous, but going into business by oneself can be scary. Having others to help with the decision-making can take a lot of the pressure off. For example, when Jon Miller, Rob Margheim, and Dustin Ertelt decided to partner up and enter the self storage industry in...

Businesses experience many milestones over the years — the first customer, first dollar made, the first 10 years in business. Extra Space Storage (EXR) has recently reached one of these significant new milestones. Trade-Ideas LLC identified Extra Space Storage as a new lifetime high candidate in the stock market. They gave this designation based on the following factors: •    EXR has an average dollar-volume (calculated by share price multiplied by average daily share volume) of $45.6 million •    EXR has a high of trading...

Location is one of the biggest buzz words in the self storage industry. Choose the right one and the chance of success is high for a facility. Choose the wrong one and failure is all but guaranteed. So when Southern Self Storage was thinking of opening a new facility it made sure it picked the right location. It decided to bank on the fastest growing metro area in the country, a community near Oxford, Florida, called The Villages. “When the opportunity presented itself to purchase in a community that’s growing as rapidly as The Villages...

Access Self Storage in the UK is supporting the Children’s Adventure Farms Trust’s (CAFT) upcoming Christmas parties. Access Self Storage wants people to donate new or gently used Christmas decorations such as trees, tree ornaments, lights, bells, and stockings. Donations can be dropped off at special drop-off points at any of their 53 stores. The decorations will be donated to CAFT, which offers farmyard outings, holidays, and Christmas parties for terminally ill, disabled, or disadvantaged children. Organized in 1985, the Children’s...

Before Sam Rosen founded MakeSpace, he had a bad experience trying to find something that he had recently put in a self storage unit. That frustration got him thinking. A person could look online in Dropbox to find a photo or a file or look online through Spotify to find a song or album. He wondered why people couldn’t do the same thing with the items stored in a storage unit instead of having to spend a Saturday going to a facility. His frustration led him to found MakeSpace. Customers pack their items in a durable plastic bin from...

Many self storage companies do their best to be a one-stop shop for their customers’ storage needs. Most self storage facilities will offer a selection of complimentary products for sale that will make the process of moving in to a facility easier. Some will even offer the use of moving equipment and even a van or truck. Attempting to be a one-stop shop is not uncommon for businesses. In fact one Minneapolis moving company is hoping to be just that for its customers thanks to a recent acquisition. The Beltmann relocation Group has purchased...