By Marc Goodin, CEO of Storage Authority, the only US self storage franchise.
In the last 30 days:
Storage Authority New Jersey Under Construction
Congrats to Storage Authority Team Rick. Their 90,000 sf, NJ construction contract was signed and construction is off to a very fast start. Already the land has been cleared and rough grading is complete.
This marks a significant milestone in their journey to bring premier self-storage solutions to the community. With state-of-the-art features and customer-focused amenities, this facility is positioned to meet the storage needs of the community with the excellence only found at Storage Authority.
Offer Accepted on a Conversions Property
Storage Authority team Felicia's offer has been accepted for a conversion site in MI. They got the land & building for the price of the land. Congrats Felicia & team!
You can't get a good deal unless you make an offer.
Fall Construction Slated
Storage Authority Team Christie and Mark from VA have completed plans and are starting the loan search process for his recently approved 80,000 site. In the end, they decided to build the facility in a single phase. Congrats Christie and Mark!!!!
2024 has been a slow year for self storage development and purchases. Most people are looking back a year to determine if it is a good time to Invest. The 2022 and 2023 time frames had unusual interest rates, high construction costs, fewer people moving, and high inflation all providing a natural negative development
As each of these items is starting to improve people are looking forward a year and saying 2025 and beyond are going to be the next self storage booms. And understand now is the time to work hard and move forward. We are seeing positive for the metrics important to new developers.
Don't miss out on the next boom! Why not you? Why not now?
Check out our website and give me a call to hear the good news first-hand and learn the steps to build or buy a self storage.
Marc Goodin is the President of Storage Authority Franchising. www.StorageAuthorityFranchise.com The only self-storage franchise. He owns 3 self-storages he designed, built, and manages. He has been helping others in the self-storage industry for over 30 years. He can be reached at marc@StorageAuthority.com or directly at 860-830-6764 to answer your franchising, development, marketing, sales, and operations questions. His best-selling self-storage books are available on Amazon.
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