Industry News

A number of factors determine the demand for self storage space, but certainly a key one is population growth. It’s no wonder, then, that SurePoint Self Storage has decided to build a new facility in Pearland, Texas. The 2000 U.S. Census showed 37,640 people living in the city, while the 2015 Census counted 91,252—an increase of 142 percent! If you add to the...

A Navy veteran who had been illegally living in a Denver, Colorado storage unit has been offered a new place to call home. After sharing his story with ABC’s Denver7 News, Chris Cline was invited to live in the home of a viewer who’s also a veteran and a trauma surgeon. “I don’t know quite how to put [my feelings] into words,” Cline said after...

Safeguard Self Storage has further solidified its strong presence in the New York City metropolitan area by adding a new facility. The company’s latest facility, located in the East Tremont neighborhood of The Bronx, opened on February 23. It features 50,750 square feet of rentable space spread across 905 individual storage units. With the high population density...

Developers, operators and investors involved in the Central and South American self storage markets will have the opportunity to study the industry landscape and network at the second annual LanAmExpo, May 3-5 in Cancun, Mexico. “This is an opportunity to learn about investing in this rapidly growing segment of the real estate industry, an exciting untapped real...

Jernigan Capital is working hard to remain a primary source of capital for real estate developers investing in the self storage industry. In the month of January, the company closed on self storage deals worth a total $43.9 million. They easily surpassed that total in February when the company closed on deals valued at $61.7 million. This brings the company total...

Lovington, New Mexico-based Spare Feet Self Storage wants to make one country music fan very, very happy—by giving him or her the ultimate Garth Brooks experience. Since he released his first album in 1989, Garth Brooks has been one of the most successful music acts in the world. And even though he took a 12-year break between albums, he can still sell out arenas...

Manhattan Mini Storage owner, Jerry Gottesman, a real estate magnate and parking lot and self storage giant in New York City, will preside over the development of a High Line-like park in Newark, New Jersey. Once a major opponent of New York City’s High Line, Gottesman is now helping oversee Newark-based Mulberry Commons, which includes a raised pedestrian-friendly...

Masons Self Storage caters to the self storage needs of the people in southern Wales. The company was created in 1905 as a moving company and was originally known as Masons of Barry. The movers saw a clear need for self storage in the area and established Welsh Self Storage Centre in 1991. In 2015, as the company refurbished and updated their facilities to make them...

U Hold The Key, a Newcastle, England-based self storage company, is saying farewell to site manager Peter Robson, 80, who recently announced his retirement. The company has named his successor—64-year-old Arthur Jennings. “After making the difficult decision to retire from U Hold The Key, Peter Robson was keen to ensure that the Newcastle self storage site was...

Canada boasts one of the most vibrant self storage industries in the world. Multiple companies in the country are currently riding that wave of growth to expand their own portfolios. Houle Properties Inc. recently met with planners about the construction of a self storage facility on an empty lot in St. Albert, Alberta. The initial plans call for one floor of indoor...