In 2019, the biggest lesson we learned is that self-storage is not bullet proof. We have seen new deliveries continue to push down rental rates, occupancies and revenue growth. New development continues to be highest in markets with strong employment growth, which leads to outsized population growth and overbuilding. We are stating to see this spill over to the secondary markets but at a very moderate pace.
XI-2019: New Decade, New Strategy?
- I-2024: Cautious Optimism Leads the Way!
- XII-2023: Where Are We Headed in 2024?
- XI-2023: Three Things to be Thankful For