Key Performance Indicators

While the self storage industry is growing, there is still room for facility owners to use data to improve facility performance. Before you can leverage your data, you need to know what it means and how to interpret it. Determining your Key Performance Indicators is your first step. Determining KPIs Looking at all your marketing data can be overwhelming and intimidating. Key Performance Indicators (KPIs) can help narrow your focus when looking at a large batch of data. These indicators can be anything from click-through rate to bounce rate. Looking…

Storable Wins Three ‘Best of Business’ Awards

Over the years, the businesses that formed Storable have learned the best way to innovate and constantly deliver the best products and services to the market. Every new product, every new capability and every investment seeks to fulfill the needs we hear from owners and operators like you. That is why these awards are more than bragging rights, they are validation from the market that Storable is listening and responding with products and services that do help self storage businesses grow. Storable won the following ISS Best of Business awards:…

Successful Site Selection with Comprehensive Self Storage Market Data

The UK self storage market consists of a broad demographic, from one and two-store owners to large, multi-site operators like Safestore, Big Yellow, Access, Lok’n Store, Shurgard, Space Maker, Storage King and HSIL Property. Their brands and locations are widely recognized while smaller players tend to be privately owned and operate on a small-scale basis as local companies. The pandemic proved self storage to be a recession-tolerant industry, observing average price increases of £10.13 year over year. Paired with the fact that the UK is still relatively underserved at less…

Acquisition Review: Rent-A-Space Shrewsbury

The Deal Recently, Heitman LLC., a global real estate investment management firm, acquired Rent-A-Space Shrewsbury. The investment marks the first acquisition expanding Space Station, a UK self storage platform that a Heitman affiliate acquired in late 2020, and is the platform’s first storage solution in the West Midlands region. Upon acquisition of the property, Heitman plans to complete the remaining lease-up of the asset while converting bulk space into additional conventional self storage units as part of the value proposition of the acquisition. The Facility The asset was purpose-built in…

List Self Storage Expands to United Kingdom

List Self Storage (ListSelfStorage.com; “List”), the premier online platform for connecting buyers and sellers of self storage facilities, development land and conversion opportunities, has launched ListSelfStorage.co.uk to serve the growing property acquisition community in England, Scotland, Wales and Northern Ireland. List Self Storage is a product of StorTrack, the world’s leading self storage data provider. “The growth in demand in the UK is fueling increased investment and development in self storage, just as it continues to do in the US and elsewhere. List has proven success in connecting buyers and…

SELF STORAGE MARKET TRENDS

Well, one thing 2020 taught us was to expect the unexpected… Businesses across all sectors have had to learn to be flexible and adaptable to survive in a volatile, unknown world. The same applies to the self storage industry although according to the annual FEDESSA report, this is a sector that has continued to experience notable growth during the Covid-19 pandemic. We have seen some very exciting new sites as well as product innovation and the sector is attracting significant investor interest globally. However, operators also have to deal with many…