Over the last several weeks, top executives from around the self-storage industry have gathered in New York City and Aspen to discuss industry trends, investor sentiment and the overall market outlook for 2019. The consensus was that industry executives remain cautiously optimistic about self-storage performance in 2019, in light of the interesting changes that we saw in the last few months of 2018. Much to my surprise, we saw the ten-year treasury decline to the mid 2.5%-2.8% range, self-storage development seems to be slowing or a least cooling off and we clearly have an abundance of capital still looking to invest in the space.
Meanwhile, the phone has been ringing off the hook with owners wanting to find out what their property is worth. In some cases, their interest is only curiosity, but in many cases, they are interested in financing, estate valuation or selling. Argus is now offering a FREE 2018 sales comp report for each of your markets. Argus has tracked and inventoried more than 1,000 self-storage sales comps for 2018 and we were involved in more than 100 transactions nationwide in 2018, which puts us in a unique position to advise our clients. If you would like to receive this free report, please contact your local Argus broker.
