In a recent Article on Sparefoot by , Fitzgerald addresses the question whether the self-storage industry is as recession-resistant. This is certainly a question that may be top of mind for many industry professionals and investors.
Fitzgerald notes that Jeffrey Adler, vice president at Yardi Matrix, spoke during a company spring-outlook webinar last week that the self-storage industry—along with the entire U.S. economy— is now in “unchartered” territory as a result of the coronavirus crisis that’s shut down huge swaths of the business world and forced millions of consumers to hunker down in their homes.
He goes on the mention that Adler told industry officials, and later repeated to the Storage Beat, that preliminary data “appears” to suggest that the conventional wisdom about self-storage is true: That it’s a “counter-cyclical sector” that tends to fare better than others during difficult times.
To read more details on early signs, relevant data, and the impact on buying opportunities READ THE ENTIRE ARTICLE HERE
