Self storage

Gain traction in a competitive market with self storage software that helps businesses of any size compete in today’s economy, stand out to customers and simplify routine tasks.

A Match Made in Heaven

The 2020 NMHC & Kingsley Apartment Resident Preferences Survey reports that 71 percent of rural renters and 70 percent of suburban renters ranked “additional storage outside apartment” as a top interest. Many multifamily properties, however, are not equipped with storage units for renters. Self-storage facility managers can fill the gap and benefit from a steady […]

12 / 12 / 19

Tough Times Ahead?

New deliveries continue to tamp down street rates in almost all U.S. self storage markets. Ground-up projects in secondary markets plus conversions and expansions in highly regulated markets are elevating supply levels, putting the industry through a “rough slog” for the foreseeable future, according to a new report from Yardi® Matrix. In September 2019, street […]

10 / 28 / 19

Yardi self-storage

Self Storage Update

Will too much of a good thing hurt the U.S. self storage industry? Possibly, but elevated supply is just one uncertainty surrounding the sector, which was the subject of a recent update presented by Yardi Matrix. Those who invest, manage and develop self storage properties have some positive economic data on their side, such as […]

09 / 19 / 19

Self-Storage Skills

Self-storage is in high demand these days, not just by renters but also by homeowners who need a place to keep some things for a time. About 1 in every 11 households rents a storage unit, according to research from MJ Partners. Self-storage can provide security, convenience, and it’s often very cost-effective. To be competitive […]

09 / 18 / 19

Storage Going Cold?

Headwinds are on the rise in the U.S. self storage sector, even as self storage facility developers continue to break ground on new projects amid favorable economic and demographic dynamics. The implications of high supply levels are the focus of a new report from Yardi Matrix. Street rates plummeted in July 2019, dropping by 2.5% […]

08 / 27 / 19

Simple Software

At ISS World Expo in Las Vegas this week, one of the largest conferences for self-storage professionals, Yardi Breeze Self Storage made its debut. The theme of the conference focused on perfecting the self-storage customer service experience, and Yardi’s latest product enables smaller operators of storage facilities to do just that. Yardi Breeze Self Storage […]

04 / 03 / 19

Self Storage Update

The U.S. self storage industry mirrors the conditions in the larger economy, thriving for the most part amid some potential headwinds, according to a recent update presented by Jeff Adler and David Dent. They are vice president and senior real estate market analyst, respectively, for Yardi Matrix. Employment numbers and the overall economy are strong, […]

03 / 18 / 19

Yardi self-storage

Self Storage Portrait

A new report from Yardi Matrix illustrates how the self storage industry’s performance mirrors employment growth and population gains. Development activity for self storage space is highest in metros such as Portland, Ore., Nashville, Tenn., Seattle and Orlando, Fla., where corporate expansions and relocations, along with college student enrollment and multifamily development, are driving demand. […]

02 / 22 / 19

Storage Switch Up

Second Closet, a start-up based in Toronto, is revolutionizing the storage industry. The company was created on an operating model where users only pay for what they store, not a fixed storage locker price. With prices starting as low as $3/month, customers can have a virtual second closet to store seasonal, personal and unused items. […]

12 / 09 / 18

Self Storage Update

The self storage industry has been strong over the last several years, with economic growth creating new households and driving demand. Can this pace continue or will the recent supply surge outpace demand? That question formed the basis of a recent web presentation by Jeff Adler and David Dent, vice president and senior real estate […]

11 / 16 / 18

Self Storage Data

Yardi Matrix has expanded its self storage coverage to 125 markets, up from 99. This total represents 26,535 properties, of which 1,398 are some form of new supply, and 1.4 billion square feet of space and encompasses 83% of the U.S. population. The addition of 26 markets produces the self sector’s most comprehensive market intelligence […]

07 / 07 / 17

Honored for Innovation

Yardi has been recognized for its self-storage technology platform by Inside Self-Storage, an industry publication for storage providers. The company won the Best Technology Innovation category in the 2015 Best of Business awards. It’s the latest honor for the company’s move into the self-storage business, which began in early 2014 with the acquisition of Salt […]

08 / 03 / 15

iStorage

Yardi® announced today that it has been selected by iStorage® to provide the management software for its self-storage portfolio. With over 65 properties in ten states and several new acquisitions under contract, iStorage needed an innovative and flexible system that provided time-saving controls to support their aggressive growth. After an extensive due diligence period comparing […]

05 / 12 / 15

Self-Storage

The cat is out of the bag. Self-storage is a hot industry with hefty returns and minimal operating costs. If you haven’t explored the possibilities in this sneaky big market, you may be running out of time. Vacancy rates have gradually declined in the past seven years as rentals proved to be a more favorable […]

03 / 30 / 15

Investment management

Self Storage

When considering some of the nation’s most profitable industries, what do you think of? The NFL? Entertainment? Self-storage? Surprisingly to most, self-storage outperforms a number of glossier industries. “The self-storage sector is sneaky big,” says Michael Scanlon, president and CEO of the Self Storage Association. “In 2013, all 30 teams in the NFL generated $9 […]

11 / 12 / 14

Investment management

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