Many experts agree that the self-storage market has reached the high-water mark, but for the first time in my 20+ year real estate career, the industry is seeing both operational head winds and investment expansion. Over the last three weeks I have attended several market updates and self-storage investment meetings. While it is unclear how the self-storage sector will perform in 2018, the majority of the large operators and self-storage REITS are predicting slow to moderate revenue growth in the 3-5% range. However, the biggest self-storage REIT, Public Storage, is not so bullish on 2018 performance.
I-2018: The Tide is High
- IX-2023: Pricing Discovery Amid Market Uncertainty
- VII-2023: The Rich get Richer!
- VI-2023: Preparing for Change in Uncertain Times