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03/06/2010
- Self-Storage Operating Performance in Bremerton-Silverdale, Wash.
Bremerton, Wash., had early economic activities centered around the timber and lumber industry. William Bremer, a forward-looking German immigrant, realized the economic potential of a town located close to the Naval station and platted the town of Bremerton on Dec. 10, 1891. Through Bremer's promotional efforts, businesses and families were encouraged to move to Bremerton and provide the goods, services ...
12/20/2009
- The Self-Storage Feasibility Study: Understanding the Process
If you’re contemplating a new self-storage project, it’s imperative that you perform a feasibility study, particularly in these times. Many markets are overbuilt or at the saturation point. You don’t want to build a project that becomes the tipping point to rent concessions and occupancy slides in the marketplace. A well-done feasibility study by a third-party, unbiased provider will tell ...
10/27/2009
- Five Challenges Faced by Today’s Self-Storage Owners and How to Maximize Your Asset
The famed artist, sculptor and engineer Michelangelo is credited with this quote: “The greater the danger for most of us lies not in setting our aim too high and falling short, but in setting our aim too low and achieving our mark.” If your self-storage business is experiencing a crunch from the economy, if new competitors have moved in on ...
10/25/2009
- Self-Storage Operating Performance: Fort Wayne, Ind.
Northeast Indiana is one of the fastest-growing regions in the state, with rapidly expanding business sectors such as manufacturing, technology, education, healthcare, hospitality and service industries. Fort Wayne’s geography makes it a natural Midwest manufacturing and transportation hub. A number of world-renowned businesses call Northeast Indiana their home. A boom in economic development in the region and targeted programs related ...
08/18/2009
- Self-Storage Operating Performance in Springfield, Ill.
The economy in the metropolitan statistical area (MSA) of Springfield, Ill., has evolved over the years, shifting to and from various industry sectors. In the recent past, the city’s economic base has again shifted; but instead of transitioning to a new industry, it has diversified into smaller, less concentrated segments. The makeup of Springfield’s economy, both in size and scope, ...
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