Industry News

Although self-storage units are designed for storing things inside, that is not the only thing for which they have been used. In fact, some individuals have thought of entirely unrelated ways to use their units. Some have created make-shift offices in their storage units. Other units have been converted into mixed martial arts training gyms, studios for budding artists...

    Posted on Apr 17 2015 - 5:05pm by Winnie Hsiu
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    Hong Kong is thriving. The bustling metropolis on the southern coast of China, lacks one thing: space. Boxful, a new valet self-storage company in Hong Kong, is hoping it can help residents with that issue. With more than 7.2 million people packed in to 426 square miles, space is available only at a premium. What space people do have, they use for living; not leaving...

    For years the self storage industry has been considered one of the safest investments in real estate. With the need for storage space expected to be an ever-present problem for many Americans, there appears to be no end to self storage as a “safe bet.” That fact has encouraged many to enter the industry, and those within it to expand. U.S. Storage Centers is no...

    Self storage is popular for people who have collected things over the years, people who like their homes to be uber-organized, businesses not wanting to use valuable space for storage; the list goes on. But loading those storage items into a vehicle, driving to the facility and unloading, can be a lot of work. Thus the birth of valet self storage, wherein storage...

    The United States is the unquestioned king of the self-storage industry, but there are many countries where the industry is starting to grow and thrive. Hong Kong, in particular, has seen a tremendous amount of growth in recent years, but the government may soon be handing the industry a major setback. Hong Kong is technically considered a special administrative region....

    Self-storage companies are known for their generosity towards and work with nonprofits. StorageMart has taken a creative turn on that model; pursuing helping others and themselves simultaneously. The company has taken their customer review process and pledged to do good. For every customer review received StorageMart will donate to charity. Their idea is two-fold....

    Old Barn Self Storage, like many companies in the industry, likes to focus attention on their local community. And come June, they will be showing fathers some love with a very special art project. The Old Barn Self Storage facility is located facing a freeway, which makes it visible to commuters. For the last five years, each June they have pulled out what they...

    SmartStop Self Storage had a good 2014. In fact, it was their best year since 2007; they finished in the black. A small sample of the company’s finances: last year ended with the company realizing a net profit of $4.8 million. 2013 ended with a loss of $7.4 million. For an industry that grosses close to $24 billion annually it is hard to imagine a large company...

    College students are notoriously hard-to-reach for some companies. Self storage would be no exception. Which poses a conundrum for self storage facilities in or near a college or university. Oftentimes students move home for summers, do internships away or simply collect more than they realize. All dream-scenarios for short-term storage. The basic issue is making...

    Lien auctions are a regrettable part of the self-storage industry, but necessary in order to protect self-storage facilities. A new website is hoping to make those lien auctions easier to conduct and attend. StorageStuff.bid recently launched and will be officially debuting during the Inside Self-Storage World Expo in Las Vegas in early April. Although online lien...