The Future of Self-Storage: Trends and Opportunities
In this episode of the AAA Storage Podcast, we discuss the future of self-storage investments with expert Paul Bennett. Explore trends shaping the industry, such as the rise of institutional influence and the impact of economic factors like interest rates and home sales activity. Listeners will gain valuable insights into why self-storage remains a resilient asset class and what to consider for future opportunities. Whether you're a seasoned investor or new to self-storage, this episode offers key takeaways on navigating the market.
Key Highlights
• The professionalization and institutionalization of the self-storage industry, with private equity and REITs driving occupancy and pricing trends.
• The influence of interest rates and slowed home sales on self-storage demand, linking economic trends to industry shifts.
• Trends in demographics driving storage demand, including downsizing boomers and household forming millennials.
• The forecasted imbalance in supply and demand due to reduced development activity, creating a potential seller's market in the coming years.
• Insight into market data analysis and site selection metrics crucial for successful self-storage investments.
Quotes
• "Institutionalization has led to a massive move in the market, where now large private equity groups and REITs are key players." – Paul Bennett
• "Self-storage has outperformed every other asset class in real estate during economic downturns." – Paul Bennett
• "The demand data is very solid. We're confident in a consistent growing demand for self-storage." – Paul Bennett
• "More than 50% of tenants still come from the fact that they drive by it one or more times a week." – Paul Bennett
Key Highlights
• The professionalization and institutionalization of the self-storage industry, with private equity and REITs driving occupancy and pricing trends.
• The influence of interest rates and slowed home sales on self-storage demand, linking economic trends to industry shifts.
• Trends in demographics driving storage demand, including downsizing boomers and household forming millennials.
• The forecasted imbalance in supply and demand due to reduced development activity, creating a potential seller's market in the coming years.
• Insight into market data analysis and site selection metrics crucial for successful self-storage investments.
Quotes
• "Institutionalization has led to a massive move in the market, where now large private equity groups and REITs are key players." – Paul Bennett
• "Self-storage has outperformed every other asset class in real estate during economic downturns." – Paul Bennett
• "The demand data is very solid. We're confident in a consistent growing demand for self-storage." – Paul Bennett
• "More than 50% of tenants still come from the fact that they drive by it one or more times a week." – Paul Bennett
Creators and Guests
