Closed Extra Space Storage in San Antonio, TX

FOR IMMEDIATE RELEASE: SkyView Advisors (SVA) is pleased to announce the sale of Extra Space Storage. This facility is located at 5611 Lone Star Parkway, San Antonio, TX in the San Antonio MSA. Extra Space Storage is situated on approximately 2.4 acres of land, houses a total of 93,050 net rentable square feet, and 775 […]

Monday Morning Quarterback (02/22/2021)

Street Rates Continue to Accelerate: On Tuesday, Yardi published its national, monthly self-storage report for January. Yardi reported that street rates for 10×10 Non-CC units rose by 3.5% year-over-year (y/y), its fifth consecutive month. Furthermore, 10×10 CC unit street rates grew y/y for the fourth straight month, increasing by +2.3% y/y. Before autumn of 2020, […]

Self-Storage Companies to Add 43.6M SF of Space in 2021

Commercial Observer

Monday Morning Quarterback (02/15/2021)

CPI Inflation & Outlook On Wednesday, the U.S. Department of Labor reported that both the headline Consumer Price Index (CPI) and Core CPI, which excludes volatile food and energy costs, rose by 1.4% over the last 12 months – well below the Fed’s target of 2%. In January, the indices reflected weak price inflation for […]

Monday Morning Quarterback (02/8/2021)

Self-Storage Performance in 2020 Over the past decade, self-storage has done $6-$8.5 billion in “arms-length transactions” a year. At the start of the coronavirus pandemic in March 2020, normal self-storage operations were delayed, as many facilities experienced low customer activity due to shelter-in-place orders. Like many other real estate asset classes, 2Q20 was the worst […]

Self Storage REIT Industry Report 4Q 2020

Monday Morning Quarterback (02/1/2021)

4Q20 GDP On Thursday, the Bureau of Economic Analysis reported that U.S. GDP increased at a seasonally adjusted annual rate of +4% during the fourth quarter. Despite a strong rebound in the back-half of 2020 (GDP rose a record +33% y/y during the third quarter), the United States’ economy contracted by -3.5% from 2019, the […]