StorageBrain

Covering the global self-storage industry

[StorageBrain @StorageBrain]

Residents are fighting back against a proposed 1,322-unit self-storage facility in Goleta, CA, arguing that the project will bring to much urbanization to the area and that it looks like "prison guard towers."

https://t.co/C8CmtTSM3E

[StorageBrain @StorageBrain]

Neighbors are pushing back against a 120,000-sf self-storage facility in San Diego County, CA, that broke ground this spring. Contentious issues included the project’s design, the city's community notification process, and environmental impacts.

https://t.co/bG4Qkq4Nlc

[StorageBrain @StorageBrain]

An Extra Space Storage site that launched construction last year in East Pierce County, Washington state, has sold to an entity tied to Blue Vista Capital Management, a Chicago-based investment management firm.

https://t.co/CC5x5B8rDk

[StorageBrain @StorageBrain]

Public Storage will lay off 107 employees at Colorado-based REIT National Storage Affiliates, which it acquired this week in a deal valued at $10.5 billion, the company said in a notice.

https://t.co/30keGnawvx

[Makris Self-Storage Group @Andreastmakris]

From what I’m seeing on the ground, self-storage retention across the Northeast remains relatively strong, though performance continues to vary by market.

In more densely populated areas such as Massachusetts, New Jersey, and New York, retention is often driven by convenience, accessibility, and overall facility quality. Well-located, clean, and easy-to-use properties tend to maintain tenant stability.

In smaller or more supply-constrained markets like Vermont, Maine, and New Hampshire, retention appears to be influenced more by operator reputation, customer relationships, and consistency of service.

One notable trend:
Average tenant stays are trending around 18–19 months, reinforcing the importance of retention as a key driver of long-term revenue performance.

Across the region, several best practices continue to stand out:
• Maintaining clean, well-managed facilities
• Ensuring seamless access and straightforward billing processes
• Staying competitive on pricing without unnecessary discounting
• Actively managing in-place tenants to avoid rents drifting materially below market

Overall, retention in the Northeast is less about aggressive pricing strategies and more about delivering consistent value and convenience to the customer.

#SelfStorage #CommercialRealEstate #NortheastCRE #StorageInvesting #MarcusMillichap #MakrisSelfStorageGroup

[Bloomberg @business]

Public Storage agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt https://t.co/N7hzi0ijXp

[StorageBrain @StorageBrain]

An argument at an A-1 Self Storage facility led to a foot pursuit on Saturday night and apparently ended with a deadly stabbing on the street, an Albuquerque Police Department news release said.

https://t.co/h8Op2QHYKd

[StorageBrain @StorageBrain]

Australia's Abacus Storage King reported that it's on schedule to deliver four new stores during the 2025–26 financial year.

https://t.co/OSjk9Q0VfP

[StorageBrain @StorageBrain]

Maryland-based real estate developer Poverni Sheikh Group is planning a 158,500 sq ft, six-story self-storage facility in Pearl City, Hawaii, to be managed by Extra Space Storage.

https://t.co/GpCpcK3LW1

[StorageBrain @StorageBrain]

Investment manager Storage Ventures has tripled its portfolio size by acquiring five self-storage assets totaling about 273,000 SF, plus a retail center, in Watertown and Evans Mills, NY. SmartStop Self Storage REIT (NYSE: SMA) contributed to the deal.

https://t.co/56AeRbCRps

[StorageBrain @StorageBrain]

Kennards Self Storage, Australia's largest private operator, has adopted Tenant Inc.'s cloud-based, all-in-one tech platform for storage operators. Kennards has over 100 facilities across Australia and New Zealand.

https://t.co/4HCuseLy89

[StorageBrain @StorageBrain]

The Australian self-storage market is projected to reach US$1.8 billion by 2033, expanding at a CAGR of 4.9% from 2025-33, according to a study by IMARC Group.

https://t.co/wXaqszufOO

[StorageBrain @StorageBrain]

CapitaLand's self-storage fund continued to deploy in Q3, the real estate group reported. The company, which operates the Extra Space Asia brand, invested in a build-to-suit flagship development in Singapore and acquired three storage facilities in Tokyo.

https://t.co/Scu4AnjZjN

[StorageBrain @StorageBrain]

Metis Global Partners LLC increased its holdings in shares of Public Storage (NYSE:PSA) by 21.2% during Q2, according to its most recent filing with the SEC. Vanguard Group Inc. also boosted its holdings in shares of Public Storage by 0.7% in Q1.

https://t.co/zsoBc16UGu

[StorageBrain @StorageBrain]

Amid uncertainty about upcoming tax changes in the UK, Blackstone Inc. has been given until Dec. 8 to assess a potential bid for British self-storage landlord Big Yellow Group Plc, which has a market cap of about £2.2 billion ($2.9 billion).

https://t.co/g0fk9XLP0j

[Self Storage Ventures | Kevin @Storage_Venture]

Getting there!

[StorageBrain @StorageBrain]

Fire destroyed the contents of several units at at B&G Storage late Friday night in Atmore, northern Florida. Firefighters from the Atmore Fire Department and Poarch Creek Fire Department battled the blaze. The cause was not immediately known.

https://t.co/4pHHQ2uI1G

[StorageBrain @StorageBrain]

Self-storage proptech firm OpenTech Alliance announced that leading APAC self-storage platform StorHub has become the first operator in Australasia to deploy the INSOMNIAC SmartLock electronic locking system.

https://t.co/YZV0kh0fMy

[StorageBrain @StorageBrain]

Global Self Storage grew sales last quarter and its dividend held steady, but net income dropped to $496,000 from $1.2 million for this REIT amid higher operating costs.

https://t.co/CGUx6B3C8c

[StorageBrain @StorageBrain]

Renters are gravitating toward longer leases and larger units, reflecting greater lifestyle integration and space needs. A new asset type, the storage-industrial-flex condo, is offering expanded capacity and ownership opportunities, according to PwC.

https://t.co/bEttyqjVf5