Prior to spending a lot of time and money on a new self storage site or purchasing your next stabilized asset, it is important that investors understand area demographic data, sub market rental rates, market demand, competitor supply/market saturation, new development pipeline and allowable facility size. Self storage sites, especially in over supplied markets, need rigorous scrutiny to make sure the facility can capture an adequate market share and withstand a potential economic downturn to meet financial objectives. Read more…
May 23, 2018
